Napa Wealth Management Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Napa Wealth Management acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,522 shares of the semiconductor company's stock, valued at approximately $1,141,000.

Other hedge funds also recently bought and sold shares of the company. KCM Investment Advisors LLC raised its holdings 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 purchasing an additional 50 shares during the period. Investment Advisory Services Inc. TX ADV increased its position in Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock worth $612,000 after buying an additional 51 shares in the last quarter. Lansing Street Advisors raised its stake in shares of Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock worth $233,000 after buying an additional 51 shares during the period. NorthCrest Asset Manangement LLC lifted its position in shares of Texas Instruments by 1.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock valued at $1,030,000 after buying an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC grew its stake in shares of Texas Instruments by 2.9% during the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TXN. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and upped their price target for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. KeyCorp boosted their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Robert W. Baird cut their target price on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Finally, Evercore ISI boosted their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $206.95.

Texas Instruments Trading Up 3.0 %

Shares of NASDAQ:TXN traded up $6.06 on Monday, hitting $207.18. 7,875,525 shares of the company's stock were exchanged, compared to its average volume of 5,515,288. The stock has a market capitalization of $188.99 billion, a price-to-earnings ratio of 38.28, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The business's 50 day simple moving average is $204.39 and its two-hundred day simple moving average is $199.79.

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. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm'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 EPS for the current fiscal 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 issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments's dividend payout ratio is currently 101.12%.

Insider Activity

In other news, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction dated 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 approximately $2,473,238.94. This trade represents a 39.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. This represents a 10.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,548 shares of company stock worth $5,341,235. Company insiders own 0.68% of the company's stock.

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.