Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 24.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,561 shares of the semiconductor company's stock after selling 10,581 shares during the quarter. Texas Instruments accounts for approximately 1.3% of Strategy Asset Managers LLC's investment portfolio, making the stock its 24th biggest holding. Strategy Asset Managers LLC's holdings in Texas Instruments were worth $6,726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the third quarter valued at $28,000. Tsfg LLC boosted its holdings in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments in the 3rd quarter valued at $39,000. McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments during the 3rd quarter valued at $43,000. Finally, Prospera Private Wealth LLC bought a new position in Texas Instruments in the 3rd quarter valued at about $46,000. Institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TXN shares. Jefferies Financial Group raised their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley increased their price target 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. Three 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 stock. According to MarketBeat.com, Texas Instruments has an average rating of "Hold" and an average price target of $206.95.

Insider Buying and Selling at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company's stock, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction 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 sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 39.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $5,341,235 over the last three months. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Trading Down 1.9 %

TXN traded down $3.85 on Wednesday, hitting $197.22. The company had a trading volume of 2,101,170 shares, compared to its average volume of 5,505,617. The business's fifty day simple moving average is $204.54 and its 200 day simple moving average is $200.17. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38. The company has a market cap of $179.91 billion, a PE 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, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. Texas Instruments's quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts expect 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 issued a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.76%. Texas Instruments's payout ratio is currently 101.12%.

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.