Fifth Third Wealth Advisors LLC Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Fifth Third Wealth Advisors LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,015 shares of the semiconductor company’s stock after purchasing an additional 1,565 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Texas Instruments were worth $4,548,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Texas Instruments by 4.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock worth $45,535,000 after buying an additional 9,608 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Texas Instruments by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock worth $33,909,000 after purchasing an additional 65,512 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Texas Instruments by 106.4% in the second quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company’s stock valued at $2,526,000 after purchasing an additional 6,696 shares in the last quarter. Finally, Philip James Wealth Mangement LLC lifted its position in Texas Instruments by 335.5% during the third quarter. Philip James Wealth Mangement LLC now owns 5,200 shares of the semiconductor company’s stock worth $1,074,000 after buying an additional 4,006 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 11.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This represents a 39.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock valued at $5,341,235 over the last quarter. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $207.18 on Tuesday. The stock has a market capitalization of $188.99 billion, a P/E ratio of 38.51, a P/E/G ratio of 4.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The company’s fifty day moving average is $204.51 and its two-hundred day moving average is $200.01.

Texas Instruments (NASDAQ:TXN) last issued its quarterly 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. 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%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.80 earnings per share. 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 declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note 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. Susquehanna reduced their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Mizuho set a $200.00 price target on shares of Texas Instruments in a report on Friday, October 18th. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Three investment 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.com, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $206.95.

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.