Curi RMB Capital LLC Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Curi RMB Capital LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,700 shares of the semiconductor company's stock after purchasing an additional 2,844 shares during the period. Curi RMB Capital LLC's holdings in Texas Instruments were worth $12,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. Investment Advisory Services Inc. TX ADV raised its stake 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 boosted its holdings in shares of Texas Instruments by 4.7% in the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock valued at $233,000 after acquiring an additional 51 shares during the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock worth $1,030,000 after acquiring an additional 52 shares during the period. ABLE Financial Group LLC lifted its position in 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 purchasing an additional 52 shares during the period. Finally, Bell Bank boosted its holdings in Texas Instruments by 3.4% in the third quarter. Bell Bank now owns 1,602 shares of the semiconductor company's stock valued at $331,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company's stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the company's stock in a transaction 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 in the company, valued at approximately $2,473,238.94. This trade represents a 39.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $5,341,235 in the last quarter. Company insiders own 0.68% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $0.28 during midday trading on Thursday, hitting $206.00. The company's stock had a trading volume of 4,780,897 shares, compared to its average volume of 5,502,537. The company has a market cap of $187.92 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $150.15 and a 12-month high of $220.38. The business's 50 day simple moving average is $204.23 and its 200 day simple moving average is $199.26. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

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 business 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 business's revenue was down 8.4% on a year-over-year basis. During the same period last year, the company posted $1.80 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.64%. Texas Instruments's dividend payout ratio (DPR) is 101.12%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TXN shares. Truist Financial decreased their price objective on Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Stifel Nicolaus upped their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. Morgan Stanley lifted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. Robert W. Baird lowered their price target on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Finally, Benchmark restated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. 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, Texas Instruments has an average rating of "Hold" and an average price target of $206.95.

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.