LPL Financial LLC Acquires 29,535 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

LPL Financial LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 597,519 shares of the semiconductor company's stock after acquiring an additional 29,535 shares during the quarter. LPL Financial LLC owned about 0.07% of Texas Instruments worth $123,429,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments in the third quarter worth $28,000. Tsfg LLC boosted its stake 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 acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $39,000. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments in the 3rd quarter worth approximately $43,000. Finally, Darwin Wealth Management LLC bought a new stake in Texas Instruments during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TXN shares. Barclays reduced their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 23rd. Truist Financial dropped their target price on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Benchmark restated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Citigroup upgraded Texas Instruments from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Finally, Susquehanna decreased their target price on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $210.05.

Texas Instruments Price Performance

NASDAQ TXN opened at $198.00 on Friday. The stock has a market cap of $180.62 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 4.33 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The business has a 50 day simple moving average of $204.45 and a 200 day simple moving average of $200.25. 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 (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 29.05% and a net margin of 31.60%. The company's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio is 101.12%.

Insider Transactions at Texas Instruments

In related news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. This represents a 11.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company's stock, valued at approximately $33,233,101.44. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,968 shares of company stock valued at $3,126,464 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.