Schechter Investment Advisors LLC Buys 3,977 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Schechter Investment Advisors LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 81.2% during the 3rd quarter, Holdings Channel reports. The fund owned 8,873 shares of the semiconductor company’s stock after acquiring an additional 3,977 shares during the period. Schechter Investment Advisors LLC’s holdings in Texas Instruments were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Enterprise Trust & Investment Co acquired a new position in Texas Instruments during the second quarter worth $25,000. Endurance Wealth Management Inc. acquired a new position in Texas Instruments during the third quarter worth $26,000. SJS Investment Consulting Inc. acquired a new position in Texas Instruments during the third quarter worth $27,000. Steward Financial Group LLC raised its holdings in Texas Instruments by 205.6% during the second quarter. Steward Financial Group LLC now owns 217 shares of the semiconductor company’s stock worth $33,000 after buying an additional 146 shares during the last quarter. Finally, Beacon Capital Management LLC raised its holdings in Texas Instruments by 34.5% during the third quarter. Beacon Capital Management LLC now owns 234 shares of the semiconductor company’s stock worth $36,000 after buying an additional 60 shares during the last quarter. 83.12% of the stock is owned by institutional investors.

Texas Instruments Trading Down 0.6 %

Texas Instruments stock opened at $177.04 on Wednesday. The stock has a market cap of $160.68 billion, a P/E ratio of 18.56, a PEG ratio of 2.41 and a beta of 1.02. Texas Instruments Incorporated has a fifty-two week low of $144.46 and a fifty-two week high of $191.34. The firm’s fifty day moving average price is $172.92 and its 200-day moving average price is $168.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.06 and a current ratio of 4.92.

Texas Instruments (NASDAQ:TXNGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Equities research analysts forecast that Texas Instruments Incorporated will post 9.23 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be given a $1.24 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a $4.96 annualized dividend and a yield of 2.80%. Texas Instruments’s dividend payout ratio (DPR) is presently 51.99%.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the transaction, the director now directly owns 8,942 shares in the company, valued at $1,566,280.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, VP Ahmad Bahai sold 1,109 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the sale, the vice president now directly owns 27,306 shares in the company, valued at $4,915,353.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the sale, the director now owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on TXN. Barclays upped their price objective on shares of Texas Instruments from $150.00 to $165.00 and gave the stock an “equal weight” rating in a report on Monday. Susquehanna Bancshares lowered their target price on shares of Texas Instruments from $215.00 to $195.00 in a report on Wednesday, October 26th. Truist Financial increased their target price on shares of Texas Instruments from $158.00 to $177.00 and gave the company a “hold” rating in a report on Monday. Benchmark increased their target price on shares of Texas Instruments from $189.00 to $203.00 in a report on Wednesday. Finally, Credit Suisse Group downgraded shares of Texas Instruments from an “outperform” rating to a “neutral” rating and increased their target price for the company from $185.00 to $205.00 in a report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $178.58.

About Texas Instruments

(Get Rating)

Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

See Also

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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