Verity & Verity LLC Has $20.11 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Verity & Verity LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,226 shares of the semiconductor company's stock after buying an additional 10,801 shares during the period. Texas Instruments makes up approximately 1.8% of Verity & Verity LLC's portfolio, making the stock its 18th biggest position. Verity & Verity LLC's holdings in Texas Instruments were worth $20,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments during the 3rd quarter worth approximately $28,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $27,000. Tsfg LLC boosted its holdings in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP acquired a new position in Texas Instruments during the 3rd quarter worth $39,000. Finally, FSA Wealth Management LLC purchased a new stake in Texas Instruments during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded up $5.05 during trading on Friday, hitting $192.42. 5,388,038 shares of the company's stock traded hands, compared to its average volume of 4,167,320. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a market cap of $175.53 billion, a PE ratio of 35.77, a PEG ratio of 3.69 and a beta of 0.98. The firm's fifty day moving average price is $194.79 and its 200 day moving average price is $199.65. 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 results 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 return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. Texas Instruments's quarterly revenue was down 8.4% on a year-over-year basis. Analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of the company's 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 in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, 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. Insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TXN shares. Bank of America decreased their price objective on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Mizuho set a $200.00 price target on shares of Texas Instruments in a report on Friday, October 18th. Robert W. Baird reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Benchmark reiterated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a research note 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 given a buy rating to the company's stock. According to MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus price target of $209.71.

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.