Texas Instruments Incorporated (NASDAQ:TXN) Position Raised by Annex Advisory Services LLC

Annex Advisory Services LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,067 shares of the semiconductor company’s stock after acquiring an additional 163 shares during the period. Annex Advisory Services LLC’s holdings in Texas Instruments were worth $1,460,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TXN. Richardson Financial Services Inc. bought a new position in Texas Instruments in the 4th quarter worth about $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Westend Capital Management LLC bought a new position in Texas Instruments in the 1st quarter worth approximately $31,000. Norwood Financial Corp acquired a new stake in Texas Instruments in the 1st quarter valued at approximately $32,000. Finally, Fortis Group Advisors LLC raised its stake in 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 acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.3 %

TXN stock opened at $205.11 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The firm has a market capitalization of $186.75 billion, a P/E ratio of 32.00, a P/E/G ratio of 4.41 and a beta of 0.98. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The company’s 50 day simple moving average is $201.93 and its 200-day simple moving average is $193.55.

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

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.65%. 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 84.87%.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of research analyst reports. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Morgan Stanley boosted their price target on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Susquehanna upped their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Barclays raised their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, 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 research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $205.65.

Insider Buying and Selling at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated 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 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. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 0.68% of the stock is currently owned by corporate 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.