Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,355 shares of the semiconductor company’s stock after purchasing an additional 236 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Texas Instruments were worth $879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valmark Advisers Inc. raised its holdings in shares of Texas Instruments by 11.7% during the third quarter. Valmark Advisers Inc. now owns 2,238 shares of the semiconductor company’s stock valued at $462,000 after buying an additional 235 shares during the last quarter. PBMares Wealth Management LLC increased its position in Texas Instruments by 7.9% in the 3rd quarter. PBMares Wealth Management LLC now owns 2,138 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 157 shares during the period. Fortitude Family Office LLC increased its position in Texas Instruments by 42.6% in the 3rd quarter. Fortitude Family Office LLC now owns 388 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 116 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in Texas Instruments by 115.7% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 14,852 shares of the semiconductor company’s stock valued at $3,068,000 after acquiring an additional 7,968 shares in the last quarter. Finally, abrdn plc boosted its position in Texas Instruments by 0.6% during the 3rd quarter. abrdn plc now owns 1,705,523 shares of the semiconductor company’s stock worth $350,221,000 after acquiring an additional 10,878 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Up 2.7 %

Texas Instruments stock opened at $211.35 on Wednesday. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The company’s fifty day moving average price is $203.93 and its two-hundred day moving average price is $196.23. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company has a market capitalization of $192.43 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 4.52 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 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 for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm posted $1.80 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 84.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America lowered their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Truist Financial decreased their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $206.95.

Insider Activity at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $5,341,235 in the last 90 days. 0.68% of the stock is owned by company 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.