Rossmore Private Capital Buys 410 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Rossmore Private Capital grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 6.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,089 shares of the semiconductor company’s stock after acquiring an additional 410 shares during the quarter. Rossmore Private Capital’s holdings in Texas Instruments were worth $1,464,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TXN. Investment Advisory Services Inc. TX ADV raised its holdings in Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after acquiring an additional 51 shares during the last quarter. Lansing Street Advisors raised its stake in shares of Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 51 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Texas Instruments by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after purchasing an additional 52 shares in the last quarter. ABLE Financial Group LLC boosted its position in shares of Texas Instruments by 2.9% during the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 52 shares during the last quarter. Finally, Verity Asset Management Inc. increased its holdings in Texas Instruments by 1.1% in the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after buying an additional 54 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Haviv Ilan sold 1,200 shares of the 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 owns 158,676 shares in the company, valued at approximately $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 accessible through this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction on Monday, August 26th. The shares were 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 of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock valued at $5,341,235 over the last ninety days. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TXN has been the subject of a number of recent research reports. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Stifel Nicolaus increased their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. The Goldman Sachs Group boosted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley lifted their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Trading Down 1.4 %

Shares of Texas Instruments stock opened at $212.78 on Wednesday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm has a market cap of $194.10 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 4.72 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $145.19 and a twelve month high of $220.38. The business has a 50-day moving average price of $204.20 and a 200-day moving average price of $199.21.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.56%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

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.