Guardian Investment Management Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Guardian Investment Management cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 36.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,200 shares of the semiconductor company’s stock after selling 3,000 shares during the period. Guardian Investment Management’s holdings in Texas Instruments were worth $1,074,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TXN. Richardson Financial Services Inc. bought a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the 4th quarter valued at approximately $26,000. Westend Capital Management LLC bought a new position in shares of Texas Instruments during the 1st quarter valued at approximately $31,000. Norwood Financial Corp bought a new position in shares of Texas Instruments during the 1st quarter valued at approximately $32,000. Finally, Fortis Group Advisors LLC increased its position in shares of Texas Instruments by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Robert W. Baird boosted their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. JPMorgan Chase & Co. upped their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group upped their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Three equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $205.65.

Texas Instruments Price Performance

TXN stock traded up $2.64 during mid-day trading on Friday, reaching $205.11. 2,815,781 shares of the company’s stock were exchanged, compared to its average volume of 4,892,744. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The stock’s 50 day moving average is $201.93 and its 200 day moving average is $193.40. The company has a market cap of $186.75 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the company earned $1.87 earnings per share. Texas Instruments’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $1.36 dividend. 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 2.65%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 84.87%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’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 sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents 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 this hyperlink. In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred 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 sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $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 three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company’s stock.

About Texas Instruments

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.