Matrix Asset Advisors Inc. NY Sells 286 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Matrix Asset Advisors Inc. NY decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% during the third quarter, Holdings Channel.com reports. The fund owned 87,403 shares of the semiconductor company’s stock after selling 286 shares during the quarter. Texas Instruments accounts for 2.0% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 20th largest holding. Matrix Asset Advisors Inc. NY’s holdings in Texas Instruments were worth $18,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management raised its position in shares of Texas Instruments by 15.2% during the third quarter. Ritholtz Wealth Management now owns 8,381 shares of the semiconductor company’s stock valued at $1,731,000 after buying an additional 1,107 shares during the last quarter. McNamara Financial Services Inc. purchased a new position in shares of Texas Instruments in the third quarter valued at $310,000. Covea Finance grew its holdings in shares of Texas Instruments by 19.6% in the third quarter. Covea Finance now owns 57,950 shares of the semiconductor company’s stock valued at $11,971,000 after purchasing an additional 9,500 shares in the last quarter. Guinness Asset Management LTD grew its holdings in shares of Texas Instruments by 4.6% in the third quarter. Guinness Asset Management LTD now owns 967,637 shares of the semiconductor company’s stock valued at $199,954,000 after purchasing an additional 42,358 shares in the last quarter. Finally, Perfromance Wealth Partners LLC grew its holdings in shares of Texas Instruments by 13.7% in the third quarter. Perfromance Wealth Partners LLC now owns 5,859 shares of the semiconductor company’s stock valued at $1,210,000 after purchasing an additional 708 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TXN shares. Robert W. Baird raised their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Truist Financial dropped their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Morgan Stanley lifted their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Finally, Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective 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, ten have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $205.65.

Insiders Place Their Bets

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

TXN stock opened at $205.11 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The business has a 50-day moving average price of $201.93 and a 200 day moving average price of $193.40. The company has a market capitalization of $186.75 billion, a P/E ratio of 32.00, a PEG ratio of 4.41 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.65%. Texas Instruments’s payout ratio is currently 84.87%.

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.