Portfolio Design Labs LLC Buys Shares of 9,905 Texas Instruments Incorporated (NASDAQ:TXN)

Portfolio Design Labs LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,905 shares of the semiconductor company's stock, valued at approximately $2,046,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. First Horizon Advisors Inc. increased its holdings in shares of Texas Instruments by 3.1% in the third quarter. First Horizon Advisors Inc. now owns 111,726 shares of the semiconductor company's stock worth $23,079,000 after acquiring an additional 3,410 shares in the last quarter. Howe & Rusling Inc. bought a new stake in shares of Texas Instruments in the third quarter worth about $476,000. Kirtland Hills Capital Management LLC increased its holdings in shares of Texas Instruments by 2.4% in the third quarter. Kirtland Hills Capital Management LLC now owns 10,068 shares of the semiconductor company's stock worth $2,080,000 after acquiring an additional 233 shares in the last quarter. Commerce Bank boosted its position in shares of Texas Instruments by 0.9% during the third quarter. Commerce Bank now owns 483,136 shares of the semiconductor company's stock worth $99,801,000 after buying an additional 4,527 shares during the period. Finally, Sachetta LLC boosted its position in shares of Texas Instruments by 291.2% during the third quarter. Sachetta LLC now owns 7,292 shares of the semiconductor company's stock worth $1,506,000 after buying an additional 5,428 shares during the period. Institutional investors own 84.99% of the company's stock.

Insider Buying and Selling

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred 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 sale, the vice president now directly owns 24,112 shares of the company's stock, valued at approximately $5,037,237.92. The trade was a 10.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock worth $5,341,235. Corporate insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America reduced their price target on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Susquehanna reduced their price target on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Monday, October 21st. KeyCorp increased their price target on Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. Three 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 company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $206.95.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $2.88 during midday trading on Wednesday, reaching $198.19. The company's stock had a trading volume of 7,341,928 shares, compared to its average volume of 5,528,908. 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 firm has a 50 day moving average price of $204.54 and a 200-day moving average price of $200.17. The stock has a market capitalization of $180.79 billion, a P/E ratio of 37.37, a PEG ratio of 4.40 and a beta of 0.99.

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 return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. Texas Instruments's revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. 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%.

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.