First Horizon Advisors Inc. Buys 3,410 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

First Horizon Advisors Inc. boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,726 shares of the semiconductor company’s stock after buying an additional 3,410 shares during the period. First Horizon Advisors Inc.’s holdings in Texas Instruments were worth $23,079,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vident Advisory LLC raised its position in Texas Instruments by 5.0% during the first quarter. Vident Advisory LLC now owns 24,078 shares of the semiconductor company’s stock valued at $4,195,000 after purchasing an additional 1,152 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Texas Instruments by 17.0% in the first quarter. Axxcess Wealth Management LLC now owns 9,940 shares of the semiconductor company’s stock worth $1,732,000 after purchasing an additional 1,446 shares during the last quarter. Rodgers Brothers Inc. boosted its position in Texas Instruments by 2.3% during the 1st quarter. Rodgers Brothers Inc. now owns 30,094 shares of the semiconductor company’s stock valued at $5,243,000 after acquiring an additional 675 shares in the last quarter. Capital Group Private Client Services Inc. boosted its position in Texas Instruments by 129.2% during the 1st quarter. Capital Group Private Client Services Inc. now owns 170,590 shares of the semiconductor company’s stock valued at $29,718,000 after acquiring an additional 96,162 shares in the last quarter. Finally, Capital International Inc. CA grew its stake in shares of Texas Instruments by 16.4% in the 1st quarter. Capital International Inc. CA now owns 31,344 shares of the semiconductor company’s stock worth $5,460,000 after buying an additional 4,423 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, CEO Haviv Ilan sold 1,200 shares of the company’s 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 sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $5,341,235 in the last 90 days. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TXN shares. Morgan Stanley upped their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Susquehanna lowered their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Barclays lowered their price objective on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Trading Down 2.9 %

Shares of Texas Instruments stock opened at $201.07 on Wednesday. Texas Instruments Incorporated has a fifty-two week low of $151.27 and a fifty-two week high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm has a 50-day simple moving average of $204.54 and a two-hundred day simple moving average of $200.17. The company has a market cap of $183.42 billion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is 101.12%.

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.