Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Zacks Investment Management

Zacks Investment Management raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,513 shares of the semiconductor company's stock after purchasing an additional 14,220 shares during the quarter. Zacks Investment Management's holdings in Texas Instruments were worth $27,580,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

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

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $0.11 on Friday, hitting $193.10. 5,140,477 shares of the company were exchanged, compared to its average volume of 5,976,585. The firm has a market capitalization of $176.15 billion, a P/E ratio of 35.89, a price-to-earnings-growth ratio of 4.22 and a beta of 0.97. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 1-year low of $154.68 and a 1-year high of $220.38. The stock's 50 day moving average price is $203.28 and its 200 day moving average price is $200.83.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm's revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.80 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.82%. 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

TXN has been the topic of a number of recent research reports. Robert W. Baird dropped their price target on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Summit Insights upgraded shares of Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Truist Financial dropped their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company assumed coverage on shares of Texas Instruments in a research note on Friday, November 22nd. They issued an "equal weight" rating and a $215.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $210.05.

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.