Segall Bryant & Hamill LLC Acquires New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Segall Bryant & Hamill LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 17,214 shares of the semiconductor company’s stock, valued at approximately $3,556,000.

A number of other institutional investors have also added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments during the 3rd quarter worth $28,000. Tsfg LLC lifted its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments in the 3rd quarter valued at about $39,000. McClarren Financial Advisors Inc. purchased a new position in shares of Texas Instruments in the 3rd quarter worth approximately $43,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Texas Instruments during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.1 %

TXN stock opened at $198.00 on Friday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The company’s 50-day simple moving average is $204.45 and its 200-day simple moving average is $200.25. The firm has a market cap of $180.62 billion, a P/E ratio of 36.80, a PEG ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.80 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

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

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 11.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,968 shares of company stock worth $3,126,464 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on TXN shares. Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note 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. Evercore ISI boosted their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $210.05.

Texas Instruments 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.