HighTower Advisors LLC Purchases 65,415 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

HighTower Advisors LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 760,062 shares of the semiconductor company's stock after buying an additional 65,415 shares during the period. HighTower Advisors LLC owned 0.08% of Texas Instruments worth $156,950,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TXN. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company's stock valued at $3,976,562,000 after acquiring an additional 782,053 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Texas Instruments by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company's stock valued at $1,664,998,000 after purchasing an additional 36,441 shares during the last quarter. Legal & General Group Plc grew its stake in Texas Instruments by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company's stock worth $1,523,415,000 after buying an additional 64,067 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Texas Instruments by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company's stock worth $1,605,861,000 after buying an additional 124,712 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Texas Instruments by 3.6% during the 3rd quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company's stock worth $1,244,381,000 after acquiring an additional 212,888 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 2.3 %

Shares of TXN stock traded down $4.55 during mid-day trading on Tuesday, hitting $197.23. The company's stock had a trading volume of 4,741,675 shares, compared to its average volume of 5,551,455. 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 Incorporated has a 52-week low of $154.02 and a 52-week high of $220.38. The stock has a market cap of $179.92 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 4.41 and a beta of 0.97. The business has a 50-day moving average price of $204.29 and a 200 day moving average price of $200.89.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company posted $1.80 earnings per share. Research 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. Shareholders of record on Thursday, October 31st were issued a $1.36 dividend. This is an increase 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 dividend on an annualized basis and a yield of 2.76%. Texas Instruments's dividend payout ratio is currently 101.12%.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on 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 $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TXN shares. Rosenblatt Securities restated a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Susquehanna decreased their target price on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Monday, October 21st. Morgan Stanley increased their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a research note on Friday, November 22nd. They set an "equal weight" rating and a $215.00 price objective for the company. Finally, Truist Financial cut their target price on Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $210.05.

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.