Dearborn Partners LLC Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Dearborn Partners LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,769 shares of the semiconductor company’s stock after selling 3,974 shares during the period. Texas Instruments accounts for approximately 1.5% of Dearborn Partners LLC’s portfolio, making the stock its 27th largest position. Dearborn Partners LLC’s holdings in Texas Instruments were worth $37,548,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Tsfg LLC boosted its stake in Texas Instruments by 82.0% during the third 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. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments during the third quarter valued at approximately $39,000. McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter worth approximately $43,000. Friedenthal Financial purchased a new stake in shares of Texas Instruments in the 2nd quarter worth approximately $50,000. Finally, Baldwin Brothers LLC MA increased its position in Texas Instruments by 121.3% during the 2nd quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 165 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Bank of America reduced their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Evercore ISI raised their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. KeyCorp upped their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. 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 MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Stock Performance

TXN stock opened at $206.00 on Friday. Texas Instruments Incorporated has a twelve month low of $150.15 and a twelve month high of $220.38. The firm has a market cap of $187.92 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 4.50 and a beta of 0.99. The business’s fifty day simple moving average is $204.23 and its two-hundred day simple moving average is $199.26. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

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

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of the business’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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 39.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’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 transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This trade represents a 10.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Company 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.