Independent Advisor Alliance Has $4.32 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Independent Advisor Alliance trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,904 shares of the semiconductor company's stock after selling 4,827 shares during the period. Independent Advisor Alliance's holdings in Texas Instruments were worth $4,318,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd increased its stake in Texas Instruments by 228.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 93,797 shares of the semiconductor company's stock valued at $19,374,000 after purchasing an additional 65,277 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Texas Instruments by 5.4% during the 3rd quarter. Fisher Asset Management LLC now owns 298,703 shares of the semiconductor company's stock worth $61,703,000 after purchasing an additional 15,191 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Texas Instruments by 13.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 184,734 shares of the semiconductor company's stock worth $38,194,000 after purchasing an additional 22,052 shares during the last quarter. Hartford Funds Management Co LLC purchased a new stake in Texas Instruments in the 3rd quarter valued at approximately $712,000. Finally, Summit Trail Advisors LLC grew its holdings in Texas Instruments by 21.5% during the 3rd quarter. Summit Trail Advisors LLC now owns 7,648 shares of the semiconductor company's stock valued at $1,580,000 after buying an additional 1,354 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ:TXN traded down $1.98 during mid-day trading on Tuesday, reaching $200.95. 5,218,677 shares of the stock were exchanged, compared to its average volume of 5,565,240. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $183.31 billion, a PE ratio of 37.35, a PEG ratio of 4.33 and a beta of 0.99. The business has a fifty day moving average price of $204.53 and a 200 day moving average price of $200.71.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company's revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company posted $1.80 EPS. Research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.71%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments's payout ratio is currently 101.12%.

Wall Street Analyst Weigh In

TXN has been the topic of several recent research reports. Robert W. Baird reduced their price objective 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. Truist Financial cut their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and increased their price target for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Finally, Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus target price of $210.05.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 20,461 shares in the company, 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. 0.68% of the stock is owned by insiders.

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.