Texas Instruments Incorporated (NASDAQ:TXN) Holdings Raised by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 30.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,111 shares of the semiconductor company's stock after purchasing an additional 6,085 shares during the quarter. Icon Wealth Advisors LLC's holdings in Texas Instruments were worth $5,394,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. KCM Investment Advisors LLC grew its holdings in shares of Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock valued at $738,000 after buying an additional 50 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its position in Texas Instruments by 1.6% during 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 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. Finally, 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. Institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TXN shares. Wells Fargo & Company began coverage on Texas Instruments in a research report on Friday. They set an "equal weight" rating and a $215.00 price target for the company. Summit Insights upgraded shares of Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Truist Financial decreased their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Evercore ISI raised their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on shares of Texas Instruments in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $210.05.

Texas Instruments Stock Down 0.1 %

NASDAQ:TXN traded down $0.20 on Friday, reaching $198.00. The stock had a trading volume of 7,861,395 shares, compared to its average volume of 5,954,661. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38. The stock has a market cap of $180.62 billion, a P/E ratio of 36.80, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99. 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 company has a 50-day moving average of $204.45 and a 200 day moving average of $200.25.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.12 billion. During the same quarter last year, the company posted $1.80 earnings per share. The company's quarterly revenue was down 8.4% compared to the same quarter last year. On average, research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio is currently 101.12%.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the company'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 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 the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,968 shares of company stock valued at $3,126,464. Company insiders own 0.68% of the company's stock.

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.