Kestra Investment Management LLC Purchases New Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Kestra Investment Management LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,240 shares of the semiconductor company's stock, valued at approximately $669,000.

A number of other hedge funds have also recently added to or reduced their stakes in TXN. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments during the 3rd quarter worth approximately $28,000. Tsfg LLC lifted its position in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC acquired a new stake in Texas Instruments during the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TXN. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Robert W. Baird decreased their price objective on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Barclays decreased their price objective on Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $210.05.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Texas Instruments Price Performance

NASDAQ TXN traded up $1.17 during mid-day trading on Monday, hitting $202.20. The stock had a trading volume of 1,703,855 shares, compared to its average volume of 5,534,280. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a 50 day simple moving average of $204.29 and a 200 day simple moving average of $200.89. The company has a market cap of $184.45 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $154.02 and a 52-week high of $220.38.

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

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's payout ratio is currently 101.12%.

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.