Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,278 shares of the semiconductor company’s stock after selling 126 shares during the period. BLB&B Advisors LLC’s holdings in Texas Instruments were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alexander Labrunerie & CO. Inc. purchased a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $210,000. Waldron Private Wealth LLC grew its position in Texas Instruments by 10.9% during the 3rd quarter. Waldron Private Wealth LLC now owns 3,524 shares of the semiconductor company’s stock worth $728,000 after purchasing an additional 347 shares during the last quarter. Eastern Bank acquired a new position in Texas Instruments during the 3rd quarter valued at approximately $722,000. Sequoia Financial Advisors LLC raised its holdings in shares of Texas Instruments by 166.5% in the third quarter. Sequoia Financial Advisors LLC now owns 81,988 shares of the semiconductor company’s stock worth $16,936,000 after buying an additional 51,226 shares during the last quarter. Finally, Oakworth Capital Inc. raised its holdings in shares of Texas Instruments by 11.9% in the third quarter. Oakworth Capital Inc. now owns 1,949 shares of the semiconductor company’s stock worth $403,000 after buying an additional 207 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ TXN opened at $193.97 on Wednesday. The stock has a market capitalization of $177.10 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 4.32 and a beta of 0.98. The stock has a 50-day moving average of $203.31 and a 200 day moving average of $194.94. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the business earned $1.87 earnings per share. The business’s revenue was down 15.6% compared to the same quarter last year. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is presently 90.28%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TXN shares. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Monday, October 14th. Robert W. Baird upped their target price on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI raised their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $206.65.

Insiders Place Their Bets

In other news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments 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 sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. Company insiders own 0.68% of the company’s stock.

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.