Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Stiles Financial Services Inc

Stiles Financial Services Inc lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,356 shares of the semiconductor company’s stock after acquiring an additional 85 shares during the period. Texas Instruments makes up approximately 1.3% of Stiles Financial Services Inc’s investment portfolio, making the stock its 18th largest position. Stiles Financial Services Inc’s holdings in Texas Instruments were worth $3,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Texas Instruments by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after purchasing an additional 536,206 shares in the last quarter. Capital Research Global Investors grew its stake in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares during the last quarter. Legal & General Group Plc grew its stake in Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after buying an additional 64,067 shares during the last quarter. Van ECK Associates Corp grew its stake in Texas Instruments by 3.6% during the 3rd quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company’s stock worth $1,244,381,000 after buying an additional 212,888 shares during the last quarter. Finally, Fayez Sarofim & Co grew its stake in Texas Instruments by 2.5% during the 1st quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock worth $744,218,000 after buying an additional 104,806 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN opened at $217.62 on Friday. The company has a market capitalization of $198.52 billion, a PE ratio of 40.43, a price-to-earnings-growth ratio of 4.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The business’s fifty day moving average is $203.70 and its 200 day moving average is $197.75. Texas Instruments Incorporated has a fifty-two week low of $143.08 and a fifty-two week high of $219.35.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating 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 business 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 business earned $1.80 earnings per share. The business’s revenue was down 8.4% on a year-over-year basis. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 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 2.50%. 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 101.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TXN shares. The Goldman Sachs Group upped their price objective on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average target price of $206.95.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Instruments 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 transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 over the last ninety days. Corporate 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.