Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Lowered by Miramar Capital LLC

Miramar Capital LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 66.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,333 shares of the semiconductor company's stock after selling 39,708 shares during the period. Miramar Capital LLC's holdings in Texas Instruments were worth $4,200,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TXN. KCM Investment Advisors LLC grew its stake in Texas Instruments by 1.4% in the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock worth $738,000 after acquiring an additional 50 shares during the period. Investment Advisory Services Inc. TX ADV grew its stake in Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock worth $612,000 after acquiring an additional 51 shares during the period. Lansing Street Advisors grew its stake in Texas Instruments by 4.7% in the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock worth $233,000 after acquiring an additional 51 shares during the period. NorthCrest Asset Manangement LLC grew its stake in Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock worth $1,030,000 after acquiring an additional 52 shares during the period. Finally, ABLE Financial Group LLC grew its stake in Texas Instruments by 2.9% in the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 52 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Julie C. Knecht sold 7,764 shares of the 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the 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 transaction, the director now owns 20,461 shares of the company's stock, 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 90 days, insiders sold 25,548 shares of company stock worth $5,341,235. Insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TXN shares. Citigroup raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Benchmark reissued a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. KeyCorp lifted their target price 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. Evercore ISI lifted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $206.95.

Texas Instruments Stock Down 2.4 %

Shares of Texas Instruments stock traded down $4.88 during trading on Friday, reaching $201.12. The company had a trading volume of 5,970,371 shares, compared to its average volume of 5,504,648. The company has a market cap of $183.47 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. The firm's fifty day moving average is $204.39 and its 200-day moving average is $199.46. 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 Incorporated has a fifty-two week low of $150.81 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

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

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.