Texas Instruments Incorporated $TXN Stock Purchased by Torray Investment Partners LLC

Torray Investment Partners LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 34.7% in the 3rd quarter, Holdings Channel reports. The firm owned 88,785 shares of the semiconductor company’s stock after purchasing an additional 22,890 shares during the period. Texas Instruments comprises about 3.3% of Torray Investment Partners LLC’s portfolio, making the stock its 8th largest holding. Torray Investment Partners LLC’s holdings in Texas Instruments were worth $24,868,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kraft Davis & Associates LLC lifted its stake in Texas Instruments by 4.4% during the third quarter. Kraft Davis & Associates LLC now owns 827 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 35 shares in the last quarter. Aviance Capital Partners LLC boosted its position in shares of Texas Instruments by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 3,754 shares of the semiconductor company’s stock worth $1,052,000 after buying an additional 36 shares during the period. HBW Advisory Services LLC grew its stake in shares of Texas Instruments by 2.2% in the first quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 37 shares in the last quarter. Montz Harcus Wealth Management LLC grew its stake in shares of Texas Instruments by 2.9% in the first quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 38 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Texas Instruments by 0.6% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company’s stock valued at $1,157,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In related news, Director Janet Clark sold 4,306 shares of the company’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 sale, the director directly owned 11,341 shares in the company, valued at approximately $3,430,198.86. This represents a 27.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Tsedeniya Abraham sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were 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 in the company, valued at approximately $6,134,388.03. This trade represents a 23.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,968 shares of company stock valued at $8,236,892. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on TXN. Barclays boosted their price objective on Texas Instruments from $250.00 to $280.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Benchmark raised 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. Sanford C. Bernstein raised their target price on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Mizuho dropped their target price on Texas Instruments from $305.00 to $290.00 and set a “neutral” rating for the company in a research report on Thursday, October 22nd. Finally, Stifel Nicolaus boosted their price target on shares of Texas Instruments from $360.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. One research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $315.37.

Texas Instruments Trading Up 3.5%

TXN opened at $312.48 on Wednesday. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The stock has a market capitalization of $285.53 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05. The business has a fifty day moving average price of $277.49 and a 200 day moving average price of $259.93.

Texas Instruments (NASDAQ:TXN) last posted its quarterly 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. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. Texas Instruments’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 EPS. Sell-side analysts expect that Texas Instruments Incorporated will post 8.89 earnings per share 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 given a dividend of $1.52 per share. This is a boost 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 1.9%. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments’s dividend payout ratio is presently 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.