GLOBALT Investments LLC GA Reduces Position in Texas Instruments Incorporated (NASDAQ:TXN)

GLOBALT Investments LLC GA reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.9% during the 3rd quarter, Holdings Channel reports. The fund owned 34,980 shares of the semiconductor company’s stock after selling 1,404 shares during the period. GLOBALT Investments LLC GA’s holdings in Texas Instruments were worth $7,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TXN. O Shaughnessy Asset Management LLC lifted its stake in shares of Texas Instruments by 24.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 66,464 shares of the semiconductor company’s stock valued at $11,579,000 after purchasing an additional 13,085 shares during the period. Clearbridge Investments LLC raised its position in Texas Instruments by 0.8% during the first quarter. Clearbridge Investments LLC now owns 860,616 shares of the semiconductor company’s stock worth $149,928,000 after acquiring an additional 6,828 shares during the period. PYA Waltman Capital LLC raised its position in Texas Instruments by 2.2% during the first quarter. PYA Waltman Capital LLC now owns 13,443 shares of the semiconductor company’s stock worth $2,342,000 after acquiring an additional 294 shares during the period. Capitolis Liquid Global Markets LLC acquired a new position in Texas Instruments during the first quarter worth $88,847,000. Finally, Lake Street Advisors Group LLC raised its position in shares of Texas Instruments by 192.3% in the first quarter. Lake Street Advisors Group LLC now owns 20,109 shares of the semiconductor company’s stock valued at $3,503,000 after buying an additional 13,229 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Susquehanna dropped their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Truist Financial dropped their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average target price of $206.95.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 39.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,548 shares of company stock worth $5,341,235. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $201.12 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock has a market capitalization of $183.47 billion, a P/E ratio of 37.38, a P/E/G ratio of 4.40 and a beta of 0.99. The company’s fifty day moving average is $204.39 and its two-hundred day moving average is $199.79. Texas Instruments Incorporated has a 1 year low of $150.81 and a 1 year high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the company posted $1.80 EPS. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. Texas Instruments’s payout ratio is currently 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.