Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Trimmed by Stifel Financial Corp

Stifel Financial Corp lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,884,016 shares of the semiconductor company's stock after selling 16,074 shares during the quarter. Texas Instruments makes up 0.6% of Stifel Financial Corp's holdings, making the stock its 27th biggest position. Stifel Financial Corp owned about 0.32% of Texas Instruments worth $595,765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC increased its holdings in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Texas Instruments during the third quarter worth $39,000. FSA Wealth Management LLC purchased a new stake in shares of Texas Instruments during the third quarter worth about $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of TXN stock traded down $3.66 during trading hours on Thursday, reaching $192.99. 6,045,748 shares of the company's stock were exchanged, compared to its average volume of 5,546,517. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1 year low of $154.68 and a 1 year high of $220.38. The company has a market cap of $176.05 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 4.31 and a beta of 0.97. The company's 50 day moving average is $203.92 and its two-hundred day moving average is $200.92.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal 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 paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.82%. 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 presently 101.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TXN shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Citigroup raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and raised their price target for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Benchmark restated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. Finally, Truist Financial lowered their target price on Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $210.05.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. This 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 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.