Twelve Points Wealth Management LLC Buys 1,159 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Twelve Points Wealth Management LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,800 shares of the semiconductor company’s stock after acquiring an additional 1,159 shares during the quarter. Texas Instruments makes up approximately 0.9% of Twelve Points Wealth Management LLC’s holdings, making the stock its 21st largest position. Twelve Points Wealth Management LLC’s holdings in Texas Instruments were worth $2,851,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Scarborough Advisors LLC purchased a new position in Texas Instruments during the 4th quarter valued at about $26,000. Farmers Trust Co. lifted its holdings in shares of Texas Instruments by 43.8% during the first quarter. Farmers Trust Co. now owns 1,734 shares of the semiconductor company’s stock valued at $302,000 after purchasing an additional 528 shares during the last quarter. Wedmont Private Capital increased its position in Texas Instruments by 15.1% during the 1st quarter. Wedmont Private Capital now owns 4,427 shares of the semiconductor company’s stock valued at $768,000 after buying an additional 582 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its holdings in Texas Instruments by 4.0% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 43,804 shares of the semiconductor company’s stock worth $7,631,000 after acquiring an additional 1,670 shares in the last quarter. Finally, KMG Fiduciary Partners LLC raised its position in shares of Texas Instruments by 16.4% in the 1st quarter. KMG Fiduciary Partners LLC now owns 5,705 shares of the semiconductor company’s stock worth $994,000 after purchasing an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.4 %

Texas Instruments stock opened at $200.69 on Thursday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The firm has a market capitalization of $182.72 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 4.54 and a beta of 0.98. The firm has a 50 day moving average of $203.07 and a 200 day moving average of $194.02. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. As a group, research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.71%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s payout ratio is presently 84.87%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TXN shares. Robert W. Baird upped their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Barclays increased their price objective on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Jefferies Financial Group boosted their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their price target on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $205.65.

Insider Transactions at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.