Cary Street Partners Asset Management LLC Has $485,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Cary Street Partners Asset Management LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,349 shares of the semiconductor company’s stock after selling 71 shares during the period. Cary Street Partners Asset Management LLC’s holdings in Texas Instruments were worth $485,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Investment Advisory Services Inc. TX ADV raised its position in Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after buying an additional 51 shares during the last quarter. Lansing Street Advisors lifted its position in shares of Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in Texas Instruments by 1.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after buying an additional 52 shares in the last quarter. Verity Asset Management Inc. lifted its position in Texas Instruments by 1.1% during the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after buying an additional 54 shares in the last quarter. Finally, Prentice Wealth Management LLC boosted its stake in shares of Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after buying an additional 55 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

TXN stock opened at $202.46 on Wednesday. Texas Instruments Incorporated has a 12 month low of $143.08 and a 12 month high of $214.66. The firm has a market cap of $184.69 billion, a P/E ratio of 37.63, a P/E/G ratio of 4.45 and a beta of 0.99. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $203.55 and its two-hundred day moving average price is $197.63.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company posted $1.80 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.69%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Wall Street Analyst Weigh In

TXN has been the topic of several analyst reports. Robert W. Baird dropped their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. KeyCorp raised their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI boosted their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays decreased their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $206.95.

Insider Buying and Selling

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares in the company, valued at $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 25,548 shares of company stock worth $5,341,235 in the last 90 days. 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.