Wrapmanager Inc. Purchases 412 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Wrapmanager Inc. raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 17.4% during the third quarter, Holdings Channel reports. The institutional investor owned 2,779 shares of the semiconductor company’s stock after buying an additional 412 shares during the quarter. Wrapmanager Inc.’s holdings in Texas Instruments were worth $574,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Pitcairn Co. boosted its position in shares of Texas Instruments by 5.1% in the 1st quarter. Pitcairn Co. now owns 9,706 shares of the semiconductor company’s stock worth $1,691,000 after purchasing an additional 475 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Texas Instruments during the 1st quarter worth $442,000. Payden & Rygel Investment Group acquired a new stake in Texas Instruments during the 1st quarter worth $401,000. Mattern Capital Management LLC raised its stake in Texas Instruments by 2.8% during the 1st quarter. Mattern Capital Management LLC now owns 51,278 shares of the semiconductor company’s stock worth $8,933,000 after buying an additional 1,375 shares during the period. Finally, English Capital Management LLC acquired a new stake in Texas Instruments during the 1st quarter worth $3,833,000. 84.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Julie C. Knecht sold 7,764 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This represents a 39.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $5,341,235 over the last three months. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of several research analyst reports. Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Mizuho set a $200.00 price target on Texas Instruments in a research note on Friday, October 18th. Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. The Goldman Sachs Group boosted their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $206.95.

Texas Instruments Trading Up 3.0 %

Shares of NASDAQ:TXN opened at $207.18 on Tuesday. The company 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. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 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 business’s 50 day simple moving average is $204.51 and its 200 day simple 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 the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 earnings per share. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 101.12%.

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.