Pacer Advisors Inc. Increases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Pacer Advisors Inc. increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,611 shares of the semiconductor company’s stock after acquiring an additional 4,395 shares during the quarter. Pacer Advisors Inc.’s holdings in Texas Instruments were worth $23,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments in the third quarter worth $28,000. Tsfg LLC lifted its stake in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the third quarter worth $39,000. McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments in the third quarter worth $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in Texas Instruments in the third quarter worth $45,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TXN. Evercore ISI raised their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Susquehanna lowered their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Truist Financial lowered their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Morgan Stanley raised their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $210.05.

Texas Instruments Price Performance

NASDAQ TXN opened at $198.00 on Friday. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. The stock has a 50-day moving average of $204.45 and a 200 day moving average of $200.25. The company has a market capitalization of $180.62 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 4.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the company earned $1.80 EPS. Texas Instruments’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.75%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 11.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business’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 sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,968 shares of company stock worth $3,126,464 in the last three months. 0.68% of the stock is currently owned by company insiders.

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.