Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 105.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,071 shares of the semiconductor company's stock after acquiring an additional 2,605 shares during the period. Savvy Advisors Inc.'s holdings in Texas Instruments were worth $1,048,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Atomi Financial Group Inc. purchased a new stake in shares of Texas Instruments during the 1st quarter valued at about $215,000. Avantax Advisory Services Inc. lifted its stake in shares of Texas Instruments by 0.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 29,082 shares of the semiconductor company's stock worth $5,066,000 after purchasing an additional 206 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Texas Instruments by 13.0% during the first quarter. Bleakley Financial Group LLC now owns 16,859 shares of the semiconductor company's stock valued at $2,937,000 after acquiring an additional 1,940 shares during the last quarter. Sheets Smith Wealth Management purchased a new position in Texas Instruments during the 1st quarter worth $220,000. Finally, Koshinski Asset Management Inc. raised its position in shares of Texas Instruments by 26.5% in the 1st quarter. Koshinski Asset Management Inc. now owns 20,514 shares of the semiconductor company's stock valued at $3,574,000 after purchasing an additional 4,303 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company's stock, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $5,341,235 in the last three months. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TXN shares. Jefferies Financial Group upped their price target on Texas Instruments from $175.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. Truist Financial lowered their price objective on Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Mizuho set a $200.00 price target on shares of Texas Instruments in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and a consensus price target of $206.95.

Texas Instruments Stock Down 1.4 %

Shares of NASDAQ TXN traded down $3.09 during midday trading on Tuesday, reaching $212.78. 4,990,772 shares of the company's stock traded hands, compared to its average volume of 5,494,771. The stock's 50 day simple moving average is $203.98 and its 200-day simple moving average is $198.97. 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 company has a market cap of $194.10 billion, a price-to-earnings ratio of 40.12, a P/E/G ratio of 4.82 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $145.19 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (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 quarter in the prior year, the company posted $1.80 earnings per share. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.56%. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's payout ratio is 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.