SRN Advisors LLC Has $635,000 Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

SRN Advisors LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 32.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,075 shares of the semiconductor company’s stock after selling 1,472 shares during the period. SRN Advisors LLC’s holdings in Texas Instruments were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TXN. Cornerstone Wealth Group LLC acquired a new stake in shares of Texas Instruments in the 1st quarter valued at $254,000. Trilogy Capital Inc. acquired a new stake in Texas Instruments in the first quarter worth about $2,735,000. Aviance Capital Partners LLC bought a new stake in Texas Instruments during the 1st quarter worth about $227,000. Miracle Mile Advisors LLC lifted its position in Texas Instruments by 5.0% during the 1st quarter. Miracle Mile Advisors LLC now owns 8,056 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 386 shares during the period. Finally, Claro Advisors LLC boosted its stake in shares of Texas Instruments by 10.4% in the 1st quarter. Claro Advisors LLC now owns 2,125 shares of the semiconductor company’s stock valued at $370,000 after purchasing an additional 201 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TXN. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Truist Financial dropped their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday. Robert W. Baird reduced their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday. KeyCorp lifted their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $206.95.

Insider Buying and Selling at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were 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 of the company’s stock, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,558 shares of company stock worth $3,255,323. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN opened at $206.93 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 company has a market capitalization of $188.41 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 4.22 and a beta of 0.98. The business’s 50-day moving average price is $203.65 and its two-hundred day moving average price is $195.48. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 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.