Rovin Capital UT ADV Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Rovin Capital UT ADV bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,013 shares of the semiconductor company’s stock, valued at approximately $209,000.

A number of other institutional investors have also modified their holdings of the business. Reynders McVeigh Capital Management LLC increased its stake in Texas Instruments by 6.3% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 2,561 shares of the semiconductor company’s stock valued at $447,000 after buying an additional 152 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of Texas Instruments during the 1st quarter worth $215,000. Concurrent Investment Advisors LLC boosted its position in shares of Texas Instruments by 5.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 13,719 shares of the semiconductor company’s stock worth $2,390,000 after purchasing an additional 662 shares in the last quarter. Choate Investment Advisors boosted its position in shares of Texas Instruments by 31.1% during the 1st quarter. Choate Investment Advisors now owns 55,185 shares of the semiconductor company’s stock worth $9,614,000 after purchasing an additional 13,107 shares in the last quarter. Finally, NorthRock Partners LLC boosted its position in shares of Texas Instruments by 54.4% during the 1st quarter. NorthRock Partners LLC now owns 4,149 shares of the semiconductor company’s stock worth $723,000 after purchasing an additional 1,462 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Up 1.3 %

NASDAQ TXN opened at $220.29 on Friday. The company has a 50-day moving average of $203.95 and a 200-day moving average of $198.28. The company has a market cap of $200.95 billion, a P/E ratio of 40.95, a P/E/G ratio of 4.70 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $143.08 and a 12 month 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.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) 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 firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The company’s revenue was down 8.4% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.47%. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Buying and Selling

In related 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 transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction 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 owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 over the last ninety days. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TXN has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Evercore ISI boosted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Bank of America decreased their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Susquehanna decreased their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $206.95.

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.