Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 26.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,344 shares of the semiconductor company’s stock after acquiring an additional 15,096 shares during the period. Baker Avenue Asset Management LP’s holdings in Texas Instruments were worth $14,944,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Reynders McVeigh Capital Management LLC grew its holdings in shares of Texas Instruments by 6.3% during the first quarter. Reynders McVeigh Capital Management LLC now owns 2,561 shares of the semiconductor company’s stock worth $447,000 after buying an additional 152 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in Texas Instruments during the first quarter worth approximately $215,000. Concurrent Investment Advisors LLC increased its position in Texas Instruments by 5.1% during the first quarter. Concurrent Investment Advisors LLC now owns 13,719 shares of the semiconductor company’s stock worth $2,390,000 after purchasing an additional 662 shares during the last quarter. Choate Investment Advisors increased its position in Texas Instruments by 31.1% during the first quarter. Choate Investment Advisors now owns 55,185 shares of the semiconductor company’s stock worth $9,614,000 after purchasing an additional 13,107 shares during the last quarter. Finally, NorthRock Partners LLC increased its position in Texas Instruments by 54.4% during the first quarter. NorthRock Partners LLC now owns 4,149 shares of the semiconductor company’s stock worth $723,000 after purchasing an additional 1,462 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TXN shares. KeyCorp increased their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group upped their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Finally, Susquehanna decreased their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $206.95.

Texas Instruments Price Performance

Texas Instruments stock traded up $2.75 during trading hours on Friday, hitting $220.29. 5,020,685 shares of the company traded hands, compared to its average volume of 5,593,385. The firm has a market cap of $200.95 billion, a P/E ratio of 40.95, a P/E/G ratio of 4.82 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 firm’s 50-day simple moving average is $203.95 and its two-hundred day simple moving average is $198.28. Texas Instruments Incorporated has a 1-year low of $143.08 and a 1-year high of $220.38.

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

Texas Instruments Increases Dividend

The company also recently announced 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 represents a $5.44 annualized dividend and a dividend yield of 2.47%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insiders Place Their Bets

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This 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 25,548 shares of company stock worth $5,341,235 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

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.