TCTC Holdings LLC Buys 734 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

TCTC Holdings LLC grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,755 shares of the semiconductor company’s stock after buying an additional 734 shares during the quarter. TCTC Holdings LLC’s holdings in Texas Instruments were worth $14,616,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Carmel Capital Partners LLC grew its holdings in shares of Texas Instruments by 9.3% during the third quarter. Carmel Capital Partners LLC now owns 1,723 shares of the semiconductor company’s stock worth $356,000 after buying an additional 146 shares in the last quarter. Klingman & Associates LLC boosted its position in Texas Instruments by 157.9% during the 3rd quarter. Klingman & Associates LLC now owns 3,766 shares of the semiconductor company’s stock worth $778,000 after acquiring an additional 2,306 shares during the last quarter. Assetmark Inc. boosted its position 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 last quarter. Rovin Capital UT ADV bought a new position in shares of Texas Instruments during the 3rd quarter worth approximately $209,000. Finally, SpiderRock Advisors LLC raised its holdings in shares of Texas Instruments by 10.1% in the third quarter. SpiderRock Advisors LLC now owns 35,092 shares of the semiconductor company’s stock valued at $7,249,000 after purchasing an additional 3,207 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

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

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

Texas Instruments Increases Dividend

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

Analysts Set New Price Targets

TXN has been the subject of several recent research reports. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. KeyCorp increased their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Barclays decreased their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $206.95.

Insiders Place Their Bets

In related news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now 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 document filed with the SEC, which can be accessed through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $5,341,235 in the last 90 days. Company insiders own 0.68% of the company’s stock.

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.