Slow Capital Inc. Buys 499 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Slow Capital Inc. grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,576 shares of the semiconductor company’s stock after purchasing an additional 499 shares during the quarter. Slow Capital Inc.’s holdings in Texas Instruments were worth $3,837,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TXN. Westend Capital Management LLC purchased a new position in Texas Instruments during the 1st quarter valued at about $31,000. Norwood Financial Corp purchased a new position in Texas Instruments during the 1st quarter valued at about $32,000. Tsfg LLC lifted its position in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the period. Tradewinds Capital Management LLC lifted its position in Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 101 shares during the period. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Texas Instruments during the 1st quarter valued at about $44,000. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TXN shares. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Robert W. Baird lifted their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Evercore ISI lifted their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $207.15.

Insider Activity at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 shares were 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 directly owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction 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 approximately $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Performance

Shares of TXN stock opened at $198.47 on Friday. The company has a 50 day moving average price of $203.30 and a 200-day moving average price of $194.22. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The firm has a market capitalization of $180.70 billion, a PE ratio of 30.96, a P/E/G ratio of 4.54 and a beta of 0.98. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 earnings per share. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently announced 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. This represents a $5.44 annualized dividend and a yield of 2.74%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is 84.87%.

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.