Bridges Investment Management Inc. Has $7.85 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Bridges Investment Management Inc. decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 38,020 shares of the semiconductor company’s stock after selling 2,173 shares during the period. Bridges Investment Management Inc.’s holdings in Texas Instruments were worth $7,854,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Klingman & Associates LLC boosted its stake in Texas Instruments by 157.9% in the third quarter. Klingman & Associates LLC now owns 3,766 shares of the semiconductor company’s stock valued at $778,000 after acquiring an additional 2,306 shares during the last quarter. Assetmark Inc. increased its holdings in Texas Instruments by 1.3% during the 3rd quarter. Assetmark Inc. now owns 282,201 shares of the semiconductor company’s stock worth $58,294,000 after acquiring an additional 3,643 shares during the period. Rovin Capital UT ADV bought a new position in Texas Instruments in the 3rd quarter worth about $209,000. SpiderRock Advisors LLC raised its position in shares of Texas Instruments by 10.1% during the 3rd quarter. SpiderRock Advisors LLC now owns 35,092 shares of the semiconductor company’s stock valued at $7,249,000 after buying an additional 3,207 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in Texas Instruments in the 3rd quarter worth approximately $9,157,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TXN. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Truist Financial decreased their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Bank of America decreased their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Susquehanna dropped their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Price Performance

Shares of TXN opened at $220.29 on Friday. Texas Instruments Incorporated has a fifty-two week low of $143.08 and a fifty-two week high of $220.38. The firm’s 50 day moving average price is $203.95 and its 200 day moving average price is $198.28. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market cap of $200.95 billion, a P/E ratio of 40.95, a PEG ratio of 4.70 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.80 earnings per share. On average, research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.