Sachetta LLC Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sachetta LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 291.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,292 shares of the semiconductor company's stock after purchasing an additional 5,428 shares during the quarter. Sachetta LLC's holdings in Texas Instruments were worth $1,506,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vident Advisory LLC increased its position in shares of Texas Instruments by 5.0% in the first quarter. Vident Advisory LLC now owns 24,078 shares of the semiconductor company's stock valued at $4,195,000 after acquiring an additional 1,152 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in Texas Instruments by 17.0% during the first quarter. Axxcess Wealth Management LLC now owns 9,940 shares of the semiconductor company's stock worth $1,732,000 after buying an additional 1,446 shares during the last quarter. Rodgers Brothers Inc. lifted its stake in Texas Instruments by 2.3% in the first quarter. Rodgers Brothers Inc. now owns 30,094 shares of the semiconductor company's stock valued at $5,243,000 after acquiring an additional 675 shares during the last quarter. Capital Group Private Client Services Inc. grew its position in shares of Texas Instruments by 129.2% in the 1st quarter. Capital Group Private Client Services Inc. now owns 170,590 shares of the semiconductor company's stock valued at $29,718,000 after acquiring an additional 96,162 shares during the period. Finally, Capital International Inc. CA increased its stake in shares of Texas Instruments by 16.4% during the 1st quarter. Capital International Inc. CA now owns 31,344 shares of the semiconductor company's stock worth $5,460,000 after purchasing an additional 4,423 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Down 1.9 %

Shares of Texas Instruments stock traded down $3.85 during trading hours on Wednesday, reaching $197.22. The company's stock had a trading volume of 2,101,170 shares, compared to its average volume of 5,505,617. The company has a market capitalization of $179.91 billion, a P/E ratio of 37.37, a P/E/G ratio of 4.40 and a beta of 0.99. The stock's fifty day simple moving average is $204.54 and its two-hundred day simple moving average is $200.17. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. 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 (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (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 company had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.12 billion. During the same quarter in the previous year, the firm earned $1.80 earnings per share. Texas Instruments's quarterly revenue was down 8.4% on a year-over-year basis. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.76%. 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 is 101.12%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TXN shares. Mizuho set a $200.00 price target on Texas Instruments in a report on Friday, October 18th. Truist Financial reduced their target price on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Citigroup raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and increased their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. 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 note on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a "hold" rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $206.95.

Insider Activity

In other news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 completion of the transaction, the chief accounting officer now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction 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 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. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 in the last ninety days. 0.68% of the stock is currently owned by insiders.

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.