Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Smith Salley Wealth Management

Smith Salley Wealth Management increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,515 shares of the semiconductor company’s stock after purchasing an additional 720 shares during the period. Smith Salley Wealth Management’s holdings in Texas Instruments were worth $3,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Modera Wealth Management LLC grew its stake in Texas Instruments by 1.7% during the 3rd quarter. Modera Wealth Management LLC now owns 8,868 shares of the semiconductor company’s stock valued at $1,832,000 after purchasing an additional 148 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in Texas Instruments by 3.2% in the third quarter. GHP Investment Advisors Inc. now owns 48,316 shares of the semiconductor company’s stock valued at $9,981,000 after buying an additional 1,479 shares during the last quarter. MCF Advisors LLC increased its holdings in Texas Instruments by 1.6% in the 3rd quarter. MCF Advisors LLC now owns 4,158 shares of the semiconductor company’s stock worth $859,000 after buying an additional 66 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Texas Instruments by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 490,191 shares of the semiconductor company’s stock worth $101,259,000 after buying an additional 3,994 shares during the last quarter. Finally, PFG Investments LLC boosted its holdings in shares of Texas Instruments by 6.0% in the 3rd quarter. PFG Investments LLC now owns 5,322 shares of the semiconductor company’s stock valued at $1,099,000 after acquiring an additional 300 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on TXN. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday. Evercore ISI boosted their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus raised their target price on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Morgan Stanley lifted their price target on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $206.93 on Friday. 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 business has a 50 day simple moving average of $203.65 and a two-hundred day simple moving average of $195.48. The stock has a market capitalization of $188.41 billion, a P/E ratio of 32.28, a PEG ratio of 4.22 and a beta of 0.98. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company earned $1.80 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. As a group, analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. Texas Instruments’s payout ratio is presently 84.87%.

Insider Activity 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 shares were 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 of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments 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.