Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Lowered by Independent Advisor Alliance

Independent Advisor Alliance lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,904 shares of the semiconductor company’s stock after selling 4,827 shares during the period. Independent Advisor Alliance’s holdings in Texas Instruments were worth $4,318,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TXN. Waverly Advisors LLC grew its position in Texas Instruments by 79.5% in the 1st quarter. Waverly Advisors LLC now owns 9,111 shares of the semiconductor company’s stock valued at $1,587,000 after buying an additional 4,035 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Texas Instruments by 12.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 29,198 shares of the semiconductor company’s stock valued at $4,643,000 after buying an additional 3,339 shares in the last quarter. Tidal Investments LLC grew its position in Texas Instruments by 14.9% in the 1st quarter. Tidal Investments LLC now owns 41,833 shares of the semiconductor company’s stock valued at $7,278,000 after buying an additional 5,415 shares in the last quarter. Beacon Capital Management LLC grew its position in Texas Instruments by 42.1% in the 1st quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 98 shares in the last quarter. Finally, KLCM Advisors Inc. grew its position in Texas Instruments by 17.4% in the 1st quarter. KLCM Advisors Inc. now owns 3,789 shares of the semiconductor company’s stock valued at $660,000 after buying an additional 561 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 2.5 %

Shares of TXN stock opened at $202.93 on Tuesday. The stock has a market cap of $185.12 billion, a P/E ratio of 37.72, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. The stock has a fifty day moving average price of $204.54 and a 200 day moving average price of $200.61. 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 issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm 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%. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.80 earnings per share. 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. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two research 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $210.05.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction dated 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 directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company insiders.

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.