Roffman Miller Associates Inc. PA Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Roffman Miller Associates Inc. PA raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 253,509 shares of the semiconductor company's stock after purchasing an additional 3,274 shares during the quarter. Texas Instruments accounts for about 3.2% of Roffman Miller Associates Inc. PA's holdings, making the stock its 6th biggest holding. Roffman Miller Associates Inc. PA's holdings in Texas Instruments were worth $52,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the 3rd quarter worth $28,000. Tsfg LLC increased its stake in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after buying an additional 82 shares during the period. Capital Performance Advisors LLP bought a new stake in Texas Instruments during the 3rd quarter valued at $39,000. FSA Wealth Management LLC purchased a new stake in Texas Instruments during the 3rd quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Texas Instruments in the 3rd quarter worth $43,000. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on TXN shares. Citigroup upgraded Texas Instruments from a "neutral" rating to a "buy" rating and upped their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Robert W. Baird decreased their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Truist Financial cut their target price 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. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, Benchmark reiterated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and a consensus target price of $210.05.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of the business'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 transaction of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction 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 transaction, the director now directly owns 14,323 shares of the company's stock, valued at $2,912,295.59. The trade was 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 company insiders.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $1.05 during midday trading on Monday, hitting $194.15. The company had a trading volume of 1,851,371 shares, compared to its average volume of 5,542,879. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a fifty day moving average of $203.28 and a two-hundred day moving average of $200.83. The company has a market cap of $177.11 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 4.22 and a beta of 0.97. 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 (NASDAQ:TXN - Get Free Report) last announced 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 net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $1.80 EPS. The company's revenue was down 8.4% on a year-over-year basis. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.80%. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio (DPR) is currently 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.