CreativeOne Wealth LLC Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

CreativeOne Wealth LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 51.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,820 shares of the semiconductor company’s stock after acquiring an additional 2,319 shares during the period. CreativeOne Wealth LLC’s holdings in Texas Instruments were worth $1,409,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Insight Wealth Partners LLC boosted its stake in Texas Instruments by 0.7% in the 3rd quarter. Insight Wealth Partners LLC now owns 9,358 shares of the semiconductor company’s stock worth $1,933,000 after purchasing an additional 67 shares during the period. Townsquare Capital LLC lifted its holdings in shares of Texas Instruments by 5.9% in the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock worth $19,353,000 after buying an additional 5,201 shares in the last quarter. Avestar Capital LLC boosted its position in shares of Texas Instruments by 14.2% in the third quarter. Avestar Capital LLC now owns 5,380 shares of the semiconductor company’s stock valued at $1,111,000 after acquiring an additional 670 shares during the period. Brooklyn Investment Group boosted its position in shares of Texas Instruments by 9.2% in the third quarter. Brooklyn Investment Group now owns 5,677 shares of the semiconductor company’s stock valued at $1,173,000 after acquiring an additional 479 shares during the period. Finally, Covington Investment Advisors Inc. grew its stake in Texas Instruments by 0.7% during the third quarter. Covington Investment Advisors Inc. now owns 62,028 shares of the semiconductor company’s stock valued at $12,813,000 after acquiring an additional 430 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TXN shares. Bank of America lowered their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Truist Financial dropped their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Mizuho set a $200.00 price objective on Texas Instruments in a report on Friday, October 18th. Finally, Barclays reduced their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $210.05.

Texas Instruments Price Performance

TXN stock opened at $199.19 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The firm has a 50-day moving average of $204.33 and a 200 day moving average of $200.69. The company has a market cap of $181.71 billion, a P/E ratio of 37.02, a PEG ratio of 4.36 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The business’s revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current 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 dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 transaction, 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 disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

About Texas Instruments

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.