Palisade Asset Management LLC Has $11.98 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Palisade Asset Management LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,005 shares of the semiconductor company’s stock after purchasing an additional 326 shares during the period. Palisade Asset Management LLC’s holdings in Texas Instruments were worth $11,982,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kingsview Wealth Management LLC boosted its position in shares of Texas Instruments by 73.9% during the third quarter. Kingsview Wealth Management LLC now owns 66,890 shares of the semiconductor company’s stock valued at $13,817,000 after buying an additional 28,422 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Texas Instruments by 8.0% in the 3rd quarter. Cerity Partners LLC now owns 378,141 shares of the semiconductor company’s stock worth $78,112,000 after buying an additional 27,867 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Texas Instruments by 5.0% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,337 shares of the semiconductor company’s stock worth $483,000 after buying an additional 111 shares during the last quarter. Nicolet Advisory Services LLC grew its holdings in shares of Texas Instruments by 5.4% in the third quarter. Nicolet Advisory Services LLC now owns 2,684 shares of the semiconductor company’s stock valued at $541,000 after acquiring an additional 138 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Texas Instruments during the third quarter valued at approximately $4,481,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXN has been the topic of several research analyst reports. Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a report on Friday. They set an “equal weight” rating and a $215.00 price objective for the company. Bank of America dropped their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $210.05.

Insider Activity at Texas Instruments

In other news, 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 sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 11.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,968 shares of company stock valued at $3,126,464 over the last 90 days. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Down 0.1 %

Shares of TXN stock opened at $198.00 on Friday. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The business’s fifty day moving average is $204.45 and its 200 day moving average is $200.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market capitalization of $180.62 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share 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 business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm posted $1.80 earnings per share. Texas Instruments’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities research analysts anticipate 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 given a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.75%. Texas Instruments’s payout ratio is 101.12%.

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.