Stonegate Investment Group LLC Sells 5,728 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Stonegate Investment Group LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,492 shares of the semiconductor company’s stock after selling 5,728 shares during the period. Stonegate Investment Group LLC’s holdings in Texas Instruments were worth $6,299,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. V Square Quantitative Management LLC boosted its stake in shares of Texas Instruments by 11.8% in the third quarter. V Square Quantitative Management LLC now owns 20,349 shares of the semiconductor company’s stock worth $4,203,000 after acquiring an additional 2,152 shares during the period. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments in the third quarter worth about $202,000. Bleakley Financial Group LLC boosted its stake in shares of Texas Instruments by 0.9% in the third quarter. Bleakley Financial Group LLC now owns 17,923 shares of the semiconductor company’s stock worth $3,702,000 after acquiring an additional 160 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Texas Instruments by 1.7% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 12,911 shares of the semiconductor company’s stock worth $2,667,000 after acquiring an additional 210 shares during the period. Finally, Good Life Advisors LLC bought a new position in shares of Texas Instruments in the third quarter worth about $408,000. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TXN has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Evercore ISI upped their price objective on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Jefferies Financial Group boosted their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $205.65.

Texas Instruments Trading Up 0.2 %

TXN stock traded up $0.49 during midday trading on Friday, reaching $198.79. 799,867 shares of the company traded hands, compared to its average volume of 5,430,642. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The business has a 50 day moving average of $203.17 and a 200-day moving average of $194.05. The firm has a market capitalization of $180.99 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 4.54 and a beta of 0.98.

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

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 84.87%.

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.