First Horizon Advisors Inc. Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

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

Other institutional investors also recently modified their holdings of the company. KCM Investment Advisors LLC increased its holdings in shares of Texas Instruments by 1.4% in the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock worth $738,000 after buying an additional 50 shares during the last quarter. Investment Advisory Services Inc. TX ADV lifted its position 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 buying an additional 51 shares during the last quarter. Lansing Street Advisors lifted its position in Texas Instruments by 4.7% in the 3rd 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 last quarter. NorthCrest Asset Manangement LLC boosted its stake in 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 buying an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC grew 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 acquiring an additional 52 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 1.4 %

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

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company's quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $1.80 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $1.36 dividend. 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. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. Texas Instruments's payout ratio is currently 101.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TXN shares. Citigroup raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and upped their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. KeyCorp boosted their target price on Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. 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. Truist Financial lowered their price objective on Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Finally, Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Three equities 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $206.95.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company's stock, valued at approximately $5,037,237.92. This trade represents a 10.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 39.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by insiders.

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.