Miracle Mile Advisors LLC Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Miracle Mile Advisors LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,587 shares of the semiconductor company's stock after acquiring an additional 2,757 shares during the period. Miracle Mile Advisors LLC's holdings in Texas Instruments were worth $2,360,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of Texas Instruments during the third quarter worth about $28,000. Tsfg LLC raised 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 buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the 3rd quarter valued at approximately $39,000. FSA Wealth Management LLC acquired a new stake in Texas Instruments during the 3rd quarter valued at approximately $41,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Texas Instruments in the 3rd quarter valued at $43,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on 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 of the company's stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares of the company's stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Up 1.3 %

Shares of Texas Instruments stock traded up $2.41 during mid-day trading on Tuesday, hitting $193.50. The stock had a trading volume of 4,252,323 shares, compared to its average volume of 4,912,498. The firm has a market cap of $176.51 billion, a P/E ratio of 35.97, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. 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 firm has a 50-day moving average of $196.30 and a two-hundred day moving average of $199.76. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38.

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

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid 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 2.81%. The ex-dividend date was Thursday, October 31st. Texas Instruments's dividend payout ratio is presently 101.12%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Bank of America reduced their price objective on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Benchmark restated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Barclays dropped their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird lowered their price target on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Finally, Susquehanna dropped their price target on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $209.71.

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.