Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Aberdeen Wealth Management LLC

Aberdeen Wealth Management LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,180 shares of the semiconductor company’s stock after selling 150 shares during the quarter. Aberdeen Wealth Management LLC’s holdings in Texas Instruments were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments during the third quarter worth about $28,000. Tsfg LLC lifted its stake in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $39,000. McClarren Financial Advisors Inc. acquired a new position in Texas Instruments during the 3rd quarter worth $43,000. Finally, Friedenthal Financial acquired a new position in Texas Instruments in the second quarter worth about $50,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred 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 directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 39.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $207.18 on Tuesday. The firm has a market cap of $188.99 billion, a P/E ratio of 38.51, a price-to-earnings-growth ratio of 4.40 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. Texas Instruments Incorporated has a twelve month low of $151.27 and a twelve month high of $220.38. The firm’s 50-day simple moving average is $204.51 and its 200-day simple moving average is $200.01.

Texas Instruments (NASDAQ:TXNGet Free Report) last issued its quarterly earnings data 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. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $1.80 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.08 EPS 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 dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is presently 101.12%.

Analyst Upgrades and Downgrades

TXN has been the topic of several research reports. Bank of America dropped their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays reduced their price target 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, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group upped their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Mizuho set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $206.95.

Read Our Latest Stock Report on TXN

About Texas Instruments

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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