Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,315 shares of the semiconductor company’s stock after buying an additional 107 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Texas Instruments were worth $272,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TXN. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the 3rd quarter valued at $28,000. Tsfg LLC raised its holdings in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Texas Instruments in the 3rd quarter valued at $39,000. McClarren Financial Advisors Inc. acquired a new position in Texas Instruments in the 3rd quarter valued at $43,000. Finally, Darwin Wealth Management LLC acquired a new position in Texas Instruments in the 3rd quarter valued at $45,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Evercore ISI upped their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $210.05.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $201.03 on Friday. 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 firm has a 50-day moving average of $204.29 and a two-hundred day moving average of $200.78. The stock has a market cap of $183.38 billion, a P/E ratio of 37.37, a PEG ratio of 4.36 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.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given 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 annualized dividend and a dividend yield of 2.71%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Texas Instruments 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.