Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by KCM Investment Advisors LLC

KCM Investment Advisors LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,574 shares of the semiconductor company’s stock after acquiring an additional 50 shares during the period. KCM Investment Advisors LLC’s holdings in Texas Instruments were worth $738,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in Texas Instruments by 76.2% in the third quarter. Empowered Funds LLC now owns 84,898 shares of the semiconductor company’s stock valued at $17,537,000 after acquiring an additional 36,710 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Texas Instruments by 2.2% during the third quarter. Empirical Finance LLC now owns 31,432 shares of the semiconductor company’s stock worth $6,493,000 after purchasing an additional 663 shares during the period. First Business Financial Services Inc. raised its holdings in shares of Texas Instruments by 5.0% during the third quarter. First Business Financial Services Inc. now owns 12,156 shares of the semiconductor company’s stock worth $2,511,000 after purchasing an additional 578 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Texas Instruments by 5.7% during the third quarter. CIBC Asset Management Inc now owns 306,288 shares of the semiconductor company’s stock worth $63,270,000 after purchasing an additional 16,385 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in shares of Texas Instruments by 1.0% during the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 100,066 shares of the semiconductor company’s stock worth $20,671,000 after purchasing an additional 990 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This trade represents a 11.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by company insiders.

Texas Instruments Price Performance

NASDAQ TXN opened at $201.12 on Friday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $183.47 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. The company has a 50 day moving average price of $204.39 and a two-hundred day moving average price of $199.46. Texas Instruments Incorporated has a 12-month low of $150.81 and a 12-month high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the company earned $1.80 earnings per share. Texas Instruments’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TXN. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Morgan Stanley increased their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Susquehanna decreased their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Truist Financial reduced their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, Robert W. Baird reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Company 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.