Segall Bryant & Hamill LLC Acquires Shares of 17,214 Texas Instruments Incorporated (NASDAQ:TXN)

Segall Bryant & Hamill LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,214 shares of the semiconductor company’s stock, valued at approximately $3,556,000.

Other large investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments in the third quarter worth $28,000. Tsfg LLC boosted its stake in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Texas Instruments during the 3rd quarter valued at about $39,000. McClarren Financial Advisors Inc. bought a new stake in Texas Instruments during the 3rd quarter valued at about $43,000. Finally, Prospera Private Wealth LLC purchased a new position in Texas Instruments in the third quarter worth about $46,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Evercore ISI boosted their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price target on shares of Texas Instruments in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $210.05.

Insider Activity

In other Texas Instruments news, 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 transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 11.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,968 shares of company stock worth $3,126,464. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $198.00 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. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. The stock’s 50-day simple moving average is $204.45 and its 200-day simple moving average is $200.25. The company has a market capitalization of $180.62 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $1.80 EPS. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.75%. Texas Instruments’s payout ratio is 101.12%.

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.