Thurston Springer Miller Herd & Titak Inc. Has $3.32 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 36.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,710 shares of the semiconductor company's stock after acquiring an additional 4,761 shares during the quarter. Texas Instruments comprises approximately 0.7% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 25th largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Texas Instruments were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Cahill Financial Advisors Inc. lifted its stake in shares of Texas Instruments by 3.5% during the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company's stock worth $298,000 after purchasing an additional 49 shares in the last quarter. KCM Investment Advisors LLC raised its holdings in shares of Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock valued at $738,000 after buying an additional 50 shares during the period. Lansing Street Advisors lifted its position in Texas Instruments by 4.7% during the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock worth $233,000 after acquiring an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock worth $1,030,000 after acquiring an additional 52 shares during the period. Finally, ABLE Financial Group LLC boosted its holdings in Texas Instruments by 2.9% in the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Bank of America cut their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Benchmark restated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Susquehanna reduced their price target on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $209.71.

Texas Instruments Stock Performance

NASDAQ TXN traded up $4.01 during trading hours on Wednesday, hitting $197.51. The company had a trading volume of 6,288,096 shares, compared to its average volume of 5,065,677. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm has a market cap of $180.17 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $196.30 and a 200-day simple moving average of $199.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments's revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.80 EPS. Equities 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. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. Texas Instruments's dividend payout ratio is presently 101.12%.

Insider Activity

In other Texas Instruments news, 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 value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The shares were 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 of the company's stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

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.