Probity Advisors Inc. Has $2.73 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Probity Advisors Inc. decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,220 shares of the semiconductor company’s stock after selling 134 shares during the period. Probity Advisors Inc.’s holdings in Texas Instruments were worth $2,731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in Texas Instruments in the 4th quarter valued at approximately $26,000. Farmers Trust Co. grew its stake in shares of Texas Instruments by 43.8% in the first quarter. Farmers Trust Co. now owns 1,734 shares of the semiconductor company’s stock worth $302,000 after acquiring an additional 528 shares during the last quarter. Wedmont Private Capital increased its position in Texas Instruments by 15.1% during the first quarter. Wedmont Private Capital now owns 4,427 shares of the semiconductor company’s stock worth $768,000 after acquiring an additional 582 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its stake in Texas Instruments by 4.0% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 43,804 shares of the semiconductor company’s stock valued at $7,631,000 after purchasing an additional 1,670 shares during the last quarter. Finally, KMG Fiduciary Partners LLC boosted its holdings in Texas Instruments by 16.4% in the 1st quarter. KMG Fiduciary Partners LLC now owns 5,705 shares of the semiconductor company’s stock valued at $994,000 after purchasing an additional 802 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 2.4 %

NASDAQ:TXN opened at $205.50 on Thursday. The firm has a market capitalization of $187.10 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 4.54 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The business’s 50-day moving average price is $203.07 and its two-hundred day moving average price is $194.02. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

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

Texas Instruments Increases Dividend

The firm also recently declared 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 an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is 84.87%.

Insider Transactions at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the business’s 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated 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 in the company, 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 SEC, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. 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 over the last 90 days. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TXN. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. The Goldman Sachs Group upped their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Monday. Susquehanna boosted their price objective on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Finally, Morgan Stanley raised their target price on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $205.65.

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.