Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,721 shares of the semiconductor company’s stock after acquiring an additional 60 shares during the period. Cornerstone Wealth Group LLC’s holdings in Texas Instruments were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TXN. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of Texas Instruments in the third quarter worth about $227,000. JFS Wealth Advisors LLC boosted its position in Texas Instruments by 5.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 4,228 shares of the semiconductor company’s stock worth $873,000 after purchasing an additional 210 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in Texas Instruments by 0.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 30,386 shares of the semiconductor company’s stock worth $6,277,000 after purchasing an additional 174 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Texas Instruments by 20.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 35,764 shares of the semiconductor company’s stock worth $7,388,000 after purchasing an additional 6,109 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Texas Instruments by 634.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 47,502 shares of the semiconductor company’s stock valued at $9,814,000 after purchasing an additional 41,035 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Down 2.3 %

TXN opened at $203.16 on Friday. The firm has a market capitalization of $185.33 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 4.55 and a beta of 0.98. The company’s 50 day simple moving average is $203.91 and its two-hundred day simple moving average is $196.36. Texas Instruments Incorporated has a 1-year low of $140.03 and a 1-year high of $214.66. 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) last posted 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. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share. Analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.68%. Texas Instruments’s payout ratio is presently 96.65%.

Wall Street Analyst Weigh In

Several research firms recently commented on TXN. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Evercore ISI raised their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $206.95.

Insider Activity at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The shares were 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 directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,548 shares of company stock valued at $5,341,235. 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.