LRI Investments LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

LRI Investments LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 408.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,081 shares of the semiconductor company's stock after acquiring an additional 3,278 shares during the period. LRI Investments LLC's holdings in Texas Instruments were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TXN. MidAtlantic Capital Management Inc. acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at $28,000. Tsfg LLC increased its stake in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after buying an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in Texas Instruments in the 3rd quarter valued at 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. bought a new stake in Texas Instruments during the 3rd quarter worth approximately $43,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Up 0.2 %

Shares of TXN stock traded up $0.35 during trading hours on Monday, reaching $193.45. The company had a trading volume of 3,849,258 shares, compared to its average volume of 5,551,527. The company has a market cap of $176.47 billion, a price-to-earnings ratio of 35.89, a price-to-earnings-growth ratio of 4.22 and a beta of 0.97. 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 12 month low of $155.46 and a 12 month high of $220.38. The business has a fifty day simple moving average of $203.28 and a 200-day simple moving average of $200.83.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating 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 firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the business posted $1.80 EPS. The company's revenue for the quarter was down 8.4% on a year-over-year basis. On average, research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Thursday, October 31st. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio (DPR) is 101.12%.

Insiders Place Their Bets

In related 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 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. The trade was a 42.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the company's 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 sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % 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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TXN. Evercore ISI increased their price target on Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and raised their price target for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Truist Financial reduced their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a research note on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company started coverage on shares of Texas Instruments in a research report on Friday, November 22nd. They set an "equal weight" rating and a $215.00 price target on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $210.05.

About Texas Instruments

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.