Linscomb Wealth Inc. Has $3.40 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Linscomb Wealth Inc. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 69.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,476 shares of the semiconductor company's stock after selling 36,815 shares during the quarter. Linscomb Wealth Inc.'s holdings in Texas Instruments were worth $3,404,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Tsfg LLC boosted its holdings in shares of 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 buying an additional 82 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments during the 3rd quarter worth $39,000. McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter worth $43,000. Friedenthal Financial bought a new stake in shares of Texas Instruments during the 2nd quarter worth $50,000. Finally, Baldwin Brothers LLC MA boosted its holdings in shares of Texas Instruments by 121.3% during the 2nd quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company's stock worth $59,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Down 2.4 %

Shares of NASDAQ TXN traded down $4.88 during mid-day trading on Friday, hitting $201.12. The company's stock had a trading volume of 5,969,072 shares, compared to its average volume of 5,504,648. The stock has a market cap of $183.47 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a one year low of $150.81 and a one year high of $220.38. The company's fifty day simple moving average is $204.32 and its 200-day simple moving average is $199.31.

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 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 analyst estimates of $4.12 billion. During the same quarter last year, the firm earned $1.80 EPS. Texas Instruments's quarterly revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

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

Insiders Place Their Bets

In other news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The shares were 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 owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock worth $5,341,235. Company insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays reduced their price target on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. 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. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research note 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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.