Garner Asset Management Corp decreased its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,044 shares of the semiconductor company’s stock after selling 97 shares during the period. Garner Asset Management Corp’s holdings in Texas Instruments were worth $2,075,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of TXN. Waverly Advisors LLC lifted its stake in Texas Instruments by 79.5% in the first quarter. Waverly Advisors LLC now owns 9,111 shares of the semiconductor company’s stock valued at $1,587,000 after purchasing an additional 4,035 shares during the last quarter. IronBridge Private Wealth LLC increased its stake in Texas Instruments by 0.5% in the 1st quarter. IronBridge Private Wealth LLC now owns 17,262 shares of the semiconductor company’s stock worth $3,007,000 after acquiring an additional 83 shares during the last quarter. Whalerock Point Partners LLC increased its stake in Texas Instruments by 5.3% in the 1st quarter. Whalerock Point Partners LLC now owns 6,804 shares of the semiconductor company’s stock worth $1,185,000 after acquiring an additional 345 shares during the last quarter. Dynasty Wealth Management LLC bought a new position in Texas Instruments in the 1st quarter worth about $1,500,000. Finally, Vancity Investment Management Ltd increased its stake in Texas Instruments by 73.2% in the 1st quarter. Vancity Investment Management Ltd now owns 121,340 shares of the semiconductor company’s stock worth $21,138,000 after acquiring an additional 51,297 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,968 shares of company stock valued at $3,126,464. Corporate insiders own 0.68% of the company’s stock.
Texas Instruments Trading Down 0.1 %
Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations 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 previous year, the business earned $1.80 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.
Texas Instruments Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. 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 2.75%. Texas Instruments’s payout ratio is presently 101.12%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on TXN shares. Susquehanna decreased their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Robert W. Baird dropped their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Truist Financial reduced their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company began coverage on Texas Instruments in a research report on Friday. They set an “equal weight” rating and a $215.00 price target on the stock. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $210.05.
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.
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