Lafayette Investments Inc. Sells 59 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Lafayette Investments Inc. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,620 shares of the semiconductor company’s stock after selling 59 shares during the period. Lafayette Investments Inc.’s holdings in Texas Instruments were worth $2,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norwood Financial Corp bought a new position in Texas Instruments during the first quarter worth about $32,000. Tsfg LLC lifted its position in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the period. Tradewinds Capital Management LLC boosted its stake in Texas Instruments by 71.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 101 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Texas Instruments in the third quarter valued at $43,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Texas Instruments during the first quarter worth $44,000. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays cut their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday. Evercore ISI raised their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus boosted their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Three 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Trading Up 1.1 %

Shares of Texas Instruments stock traded up $2.22 during trading on Thursday, reaching $203.96. 869,267 shares of the company were exchanged, compared to its average volume of 5,459,005. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The business has a 50-day moving average price of $203.43 and a 200-day moving average price of $194.99. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $186.23 billion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 4.22 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted 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. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.80 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.67%. Texas Instruments’s dividend payout ratio (DPR) is 96.65%.

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.