Empowered Funds LLC Has $17.54 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Empowered Funds LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 76.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,898 shares of the semiconductor company's stock after buying an additional 36,710 shares during the quarter. Empowered Funds LLC's holdings in Texas Instruments were worth $17,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXN. Investment Advisory Services Inc. TX ADV raised its position in shares of Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock worth $612,000 after purchasing an additional 51 shares during the period. Lansing Street Advisors boosted its holdings 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 buying an additional 51 shares during the period. NorthCrest Asset Manangement LLC increased its position 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 in the last quarter. ABLE Financial Group LLC raised its holdings 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 acquiring an additional 52 shares during the period. Finally, Bell Bank lifted its position in shares of Texas Instruments by 3.4% in the 3rd quarter. Bell Bank now owns 1,602 shares of the semiconductor company's stock valued at $331,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of TXN stock traded down $4.88 during trading hours on Friday, hitting $201.12. The company had a trading volume of 5,969,072 shares, compared to its average volume of 5,504,648. 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 market capitalization of $183.47 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 4.50 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $150.81 and a 12 month high of $220.38. The firm's fifty day moving average is $204.32 and its 200 day moving average is $199.31.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results 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. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same quarter last year, the company posted $1.80 EPS. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments's dividend payout ratio (DPR) is 101.12%.

Insider Activity

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $5,037,237.92. This represents a 10.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction that occurred 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 transaction, 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 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 90 days. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Bank of America lowered 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 report on Wednesday, October 23rd. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and increased their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Susquehanna lowered their price target on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Finally, Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $206.95.

Texas Instruments Company 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.