Hartford Investment Management Co. Sells 878 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Hartford Investment Management Co. reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,408 shares of the semiconductor company’s stock after selling 878 shares during the period. Hartford Investment Management Co.’s holdings in Texas Instruments were worth $11,859,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Tsfg LLC raised its holdings in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Norwood Financial Corp purchased a new stake in shares of Texas Instruments during the first quarter valued at $32,000. McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments in the 3rd quarter valued at about $43,000. Tradewinds Capital Management LLC increased its position in shares of Texas Instruments by 71.1% during the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 101 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of Texas Instruments during the first quarter valued at approximately $44,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Barclays decreased their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus target price of $206.95.

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This 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 can be accessed through the SEC website. In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments 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 completion of the transaction, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 in the last three months. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Trading Up 3.9 %

Shares of NASDAQ TXN traded up $7.64 during trading on Wednesday, hitting $201.61. 2,177,758 shares of the company were exchanged, compared to its average volume of 5,438,157. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The firm has a market capitalization of $184.08 billion, a PE ratio of 34.55, a P/E/G ratio of 4.32 and a beta of 0.98. The company has a fifty day moving average price of $203.31 and a 200-day moving average price of $194.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the business posted $1.80 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. Texas Instruments’s payout ratio is presently 90.28%.

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.