Confluence Wealth Services Inc. Buys 118 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Confluence Wealth Services Inc. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,820 shares of the semiconductor company’s stock after purchasing an additional 118 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Texas Instruments were worth $1,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tsfg LLC boosted its stake in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the 3rd quarter worth approximately $43,000. Friedenthal Financial bought a new stake in Texas Instruments during the 2nd quarter worth approximately $50,000. Baldwin Brothers LLC MA increased its position in Texas Instruments by 121.3% in the 2nd quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 165 shares during the period. Finally, Key Financial Inc raised its stake in shares of Texas Instruments by 46.9% during the second quarter. Key Financial Inc now owns 313 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

TXN opened at $204.92 on Friday. Texas Instruments Incorporated has a 1-year low of $143.08 and a 1-year high of $214.66. The company has a market cap of $186.93 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 4.44 and a beta of 0.99. The company’s fifty day moving average price is $203.81 and its two-hundred day moving average price is $196.83. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates 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 was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.65%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is 101.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Shanon J. Leonard sold 2,816 shares of the business’s 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 transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This 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 sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TXN. Bank of America reduced their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Barclays reduced their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $206.95.

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.