V Wealth Advisors LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 21.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,088 shares of the semiconductor company's stock after selling 555 shares during the quarter. V Wealth Advisors LLC's holdings in Texas Instruments were worth $324,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in TXN. Scotia Capital Inc. raised its stake in Texas Instruments by 6.0% during the second quarter. Scotia Capital Inc. now owns 43,528 shares of the semiconductor company's stock worth $6,688,000 after purchasing an additional 2,483 shares during the period. Bailard Inc. increased its position in shares of Texas Instruments by 0.7% in the third quarter. Bailard Inc. now owns 78,954 shares of the semiconductor company's stock worth $12,220,000 after acquiring an additional 587 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Texas Instruments by 12.4% in the second quarter. Commonwealth Equity Services LLC now owns 207,259 shares of the semiconductor company's stock valued at $31,845,000 after acquiring an additional 22,796 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Texas Instruments by 11.7% in the third quarter. Capital Investment Advisors LLC now owns 40,402 shares of the semiconductor company's stock valued at $6,253,000 after acquiring an additional 4,236 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its stake in shares of Texas Instruments by 13.8% in the second quarter. Cetera Advisor Networks LLC now owns 32,845 shares of the semiconductor company's stock worth $5,047,000 after buying an additional 3,972 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company's stock.
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Insiders Place Their Bets
In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the company's stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares in the company, valued at $1,566,280.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Janet F. Clark sold 9,990 shares of the company's stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares of the company's stock, valued at approximately $1,566,280.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ahmad Bahai sold 1,109 shares of the company's stock in a transaction on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the transaction, the vice president now directly owns 27,306 shares in the company, valued at $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.
Texas Instruments Trading Down 0.5 %
Shares of NASDAQ TXN opened at $174.10 on Friday. The stock has a market capitalization of $158.01 billion, a P/E ratio of 18.52, a PEG ratio of 2.42 and a beta of 1.02. The business's 50 day moving average is $172.95 and its two-hundred day moving average is $168.66. Texas Instruments Incorporated has a 1-year low of $144.46 and a 1-year high of $191.34. The company has a debt-to-equity ratio of 0.56, a current ratio of 4.70 and a quick ratio of 4.06.
Texas Instruments (NASDAQ:TXN – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.17. Texas Instruments had a return on equity of 61.06% and a net margin of 43.68%. The company had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $4.64 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Texas Instruments's revenue was down 3.4% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 7.74 EPS for the current year.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be issued a dividend of $1.24 per share. The ex-dividend date is Monday, January 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.85%. Texas Instruments's dividend payout ratio is currently 52.77%.
Wall Street Analyst Weigh In
TXN has been the topic of several analyst reports. Benchmark upped their target price on shares of Texas Instruments from $189.00 to $203.00 and gave the stock a "buy" rating in a report on Wednesday. Susquehanna raised their price target on shares of Texas Instruments from $195.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday. The Goldman Sachs Group cut their price objective on Texas Instruments to $153.00 in a report on Thursday, October 27th. Morgan Stanley raised their price target on Texas Instruments from $152.00 to $166.00 and gave the company an "underweight" rating in a report on Wednesday. Finally, Cowen lifted their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a "market perform" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $179.35.
About Texas Instruments
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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.
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