Texas Instruments Incorporated $TXN Holdings Cut by Welch Group LLC

Welch Group LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 252,500 shares of the semiconductor company’s stock after selling 3,012 shares during the quarter. Texas Instruments makes up approximately 2.4% of Welch Group LLC’s portfolio, making the stock its 13th biggest position. Welch Group LLC’s holdings in Texas Instruments were worth $70,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $24,607,313,000. Bank of New York Mellon Corp acquired a new stake in Texas Instruments during the second quarter worth $4,488,666,000. Bank of America Corp DE purchased a new stake in Texas Instruments in the second quarter valued at $3,700,842,000. Primecap Management Co. CA purchased a new stake in Texas Instruments in the second quarter valued at $2,538,063,000. Finally, Legal & General Group Plc acquired a new position in shares of Texas Instruments in the 2nd quarter valued at $1,918,277,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Pamela Patsley sold 4,532 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $301.56, for a total transaction of $1,366,669.92. Following the completion of the transaction, the director directly owned 34,487 shares of the company’s stock, valued at approximately $10,399,899.72. The trade was a 11.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet Clark sold 4,306 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $302.46, for a total transaction of $1,302,392.76. Following the completion of the sale, the director directly owned 11,341 shares in the company, valued at approximately $3,430,198.86. This trade represents a 27.52% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,968 shares of company stock worth $8,236,892. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TXN shares. Weiss Ratings downgraded Texas Instruments from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Benchmark boosted their price target on shares of Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Susquehanna restated a “positive” rating on shares of Texas Instruments in a report on Thursday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $340.00 to $365.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Finally, Robert W. Baird boosted their target price on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $315.37.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $300.84 on Monday. The stock has a market cap of $274.90 billion, a P/E ratio of 39.02, a PEG ratio of 1.49 and a beta of 1.35. The company has a current ratio of 5.59, a quick ratio of 4.05 and a debt-to-equity ratio of 0.67. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03. The business’s fifty day simple moving average is $275.66 and its 200-day simple moving average is $258.76.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period last year, the business posted $1.48 earnings per share. Texas Instruments’s revenue was up 27.7% compared to the same quarter last year. As a group, equities analysts predict that Texas Instruments Incorporated will post 8.89 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a $1.52 dividend. This represents a $6.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio (DPR) is 78.86%.

Texas Instruments Profile

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.