Wilmington Savings Fund Society FSB Has $9.50 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Wilmington Savings Fund Society FSB raised its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 156.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,969 shares of the semiconductor company's stock after buying an additional 28,012 shares during the period. Wilmington Savings Fund Society FSB's holdings in Texas Instruments were worth $9,496,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cahill Financial Advisors Inc. grew its position in Texas Instruments by 3.5% during the 3rd 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 grew its position in Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock worth $738,000 after purchasing an additional 50 shares in the last quarter. Lansing Street Advisors grew 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 purchasing an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in Texas Instruments by 1.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock worth $1,030,000 after purchasing an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC grew its holdings in shares of Texas Instruments by 2.9% during the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, 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 disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

TXN stock traded up $0.01 during mid-day trading on Thursday, reaching $191.71. 4,022,419 shares of the stock traded hands, compared to its average volume of 5,549,490. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The business has a 50-day moving average of $202.55 and a two-hundred day moving average of $200.67. The firm has a market capitalization of $174.88 billion, a PE ratio of 35.63, a P/E/G ratio of 4.22 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly 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. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same period in the prior year, the company earned $1.80 earnings per share. The business's quarterly revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.84%. 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 presently 101.12%.

Analyst Upgrades and Downgrades

TXN has been the topic of several research analyst reports. Susquehanna lowered their price target on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Truist Financial lowered their price target on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Benchmark restated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Barclays lowered their price target on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Finally, Summit Insights upgraded shares of Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $210.05.

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.