Advisors Asset Management Inc. Has $26.28 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Advisors Asset Management Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,197 shares of the semiconductor company's stock after selling 5,803 shares during the period. Advisors Asset Management Inc.'s holdings in Texas Instruments were worth $26,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howe & Rusling Inc. acquired a new stake in Texas Instruments in the 3rd quarter worth $476,000. Kirtland Hills Capital Management LLC lifted its stake in shares of Texas Instruments by 2.4% in the third quarter. Kirtland Hills Capital Management LLC now owns 10,068 shares of the semiconductor company's stock valued at $2,080,000 after buying an additional 233 shares during the period. Commerce Bank grew its position in Texas Instruments by 0.9% during the third quarter. Commerce Bank now owns 483,136 shares of the semiconductor company's stock worth $99,801,000 after buying an additional 4,527 shares in the last quarter. Sachetta LLC increased its stake in Texas Instruments by 291.2% during the third quarter. Sachetta LLC now owns 7,292 shares of the semiconductor company's stock valued at $1,506,000 after acquiring an additional 5,428 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in Texas Instruments in the 3rd quarter valued at approximately $3,556,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Buying and Selling

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 10.46 % decrease in their ownership of the stock. The sale was disclosed in a 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 value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 over the last ninety days. Insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Robert W. Baird decreased their price objective on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Mizuho set a $200.00 price target on shares of Texas Instruments in a report on Friday, October 18th. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Truist Financial decreased their target price on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. Finally, Bank of America dropped their price target on shares of Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Texas Instruments presently has an average rating of "Hold" and a consensus price target of $206.95.

Texas Instruments Price Performance

Shares of TXN traded down $2.88 during mid-day trading on Wednesday, hitting $198.19. 7,341,928 shares of the company traded hands, compared to its average volume of 5,528,908. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average of $204.54 and a 200 day moving average of $200.17. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. The stock has a market capitalization of $180.79 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released 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 during 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 firm's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 earnings per share. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments's payout ratio is currently 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.