Texas Instruments Incorporated $TXN Stock: R Squared Ltd Trims Position

R Squared Ltd decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 70.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 971 shares of the semiconductor company’s stock after selling 2,267 shares during the period. R Squared Ltd’s holdings in Texas Instruments were worth $272,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TXN. King Luther Capital Management Corp grew its position in shares of Texas Instruments by 3.2% in the 3rd quarter. King Luther Capital Management Corp now owns 79,735 shares of the semiconductor company’s stock valued at $22,333,000 after buying an additional 2,479 shares during the last quarter. Banyan Capital Management Inc. purchased a new stake in Texas Instruments in the third quarter valued at $594,000. Maryland State Retirement & Pension System lifted its position in Texas Instruments by 13.9% in the third quarter. Maryland State Retirement & Pension System now owns 55,898 shares of the semiconductor company’s stock valued at $15,656,000 after acquiring an additional 6,839 shares during the last quarter. Ritholtz Wealth Management lifted its position in Texas Instruments by 15.5% in the third quarter. Ritholtz Wealth Management now owns 16,076 shares of the semiconductor company’s stock valued at $4,503,000 after acquiring an additional 2,162 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp boosted its stake in Texas Instruments by 31.5% in the third quarter. UNIVEST FINANCIAL Corp now owns 1,258 shares of the semiconductor company’s stock valued at $352,000 after acquiring an additional 301 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the sale, the vice president directly owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. This trade represents a 23.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 6,065 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $302.21, for a total value of $1,832,903.65. Following the sale, the director directly owned 21,600 shares of the company’s stock, valued at $6,527,736. The trade was a 21.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 36,726 shares of company stock valued at $10,942,413. Insiders own 0.60% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN traded down $8.88 during trading hours on Friday, reaching $303.60. 5,228,771 shares of the company’s stock were exchanged, compared to its average volume of 9,484,298. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year high of $334.03. The company has a quick ratio of 4.05, a current ratio of 5.59 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $277.42 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 1.53 and a beta of 1.39. The company has a 50-day moving average of $283.87 and a 200 day moving average of $264.14.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the business posted $1.48 earnings per share. Texas Instruments’s quarterly revenue was up 27.7% on a year-over-year basis. Research analysts anticipate that Texas Instruments Incorporated will post 8.99 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Friday, October 30th were issued a dividend of $1.52 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, October 30th. Texas Instruments’s dividend payout ratio is 78.86%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TXN shares. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a report on Tuesday, October 20th. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $340.00 to $365.00 and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. Benchmark boosted their target price on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Freedom Broker raised Texas Instruments from a “hold” rating to a “buy” rating and upped their target price for the company from $260.00 to $330.00 in a research report on Thursday, October 22nd. Finally, Rosenblatt Securities raised their price target on Texas Instruments from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $315.37.

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.