Lindbrook Capital LLC Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Lindbrook Capital LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,165 shares of the semiconductor company’s stock after selling 85 shares during the quarter. Lindbrook Capital LLC’s holdings in Texas Instruments were worth $1,893,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Heartland Advisors Inc. boosted its stake in Texas Instruments by 0.8% in the first quarter. Heartland Advisors Inc. now owns 9,996 shares of the semiconductor company’s stock valued at $1,741,000 after acquiring an additional 78 shares in the last quarter. KCM Investment Advisors LLC grew its stake in Texas Instruments by 3.5% during the 1st quarter. KCM Investment Advisors LLC now owns 3,199 shares of the semiconductor company’s stock worth $557,000 after buying an additional 108 shares during the last quarter. 49 Wealth Management LLC purchased a new stake in Texas Instruments in the first quarter valued at approximately $244,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at approximately $7,959,000. Finally, Reynders McVeigh Capital Management LLC grew its position in shares of Texas Instruments by 6.3% during the first quarter. Reynders McVeigh Capital Management LLC now owns 2,561 shares of the semiconductor company’s stock worth $447,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.3 %

TXN opened at $220.29 on Friday. 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 company has a market cap of $200.95 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 4.70 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $143.08 and a one year high of $220.38. The business’s fifty day moving average is $203.95 and its two-hundred day moving average is $198.28.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the firm earned $1.80 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. Analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Stifel Nicolaus raised their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Morgan Stanley upped their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Barclays lowered their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $206.95.

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is owned by insiders.

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.