Capital Investment Counsel LLC Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Capital Investment Counsel LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% in the third quarter, Holdings Channel reports. The institutional investor owned 29,603 shares of the semiconductor company’s stock after purchasing an additional 220 shares during the period. Capital Investment Counsel LLC’s holdings in Texas Instruments were worth $6,115,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TXN. KCM Investment Advisors LLC raised its holdings in Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after purchasing an additional 50 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its position in shares of Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after buying an additional 51 shares during the last quarter. Lansing Street Advisors raised its stake in Texas Instruments by 4.7% during the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after acquiring an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after acquiring an additional 52 shares during the last quarter. Finally, ABLE Financial Group LLC lifted its position in Texas Instruments by 2.9% in the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.1 %

TXN stock opened at $198.00 on Friday. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The company has a market cap of $180.62 billion, a P/E ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. The company’s 50-day moving average price is $204.45 and its 200 day moving average price is $200.38.

Texas Instruments (NASDAQ:TXN) last released 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 firm 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%. Texas Instruments’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the business posted $1.80 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

Insider Buying and Selling

In related news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 11.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on 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 in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,968 shares of company stock worth $3,126,464 in the last three months. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company started coverage on Texas Instruments in a research note on Friday. They set an “equal weight” rating and a $215.00 price target on the stock. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. 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 report on Wednesday, August 21st. Finally, Susquehanna cut 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $210.05.

About Texas Instruments

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.