Cornerstone Advisors LLC Buys 5,800 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cornerstone Advisors LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,200 shares of the semiconductor company’s stock after purchasing an additional 5,800 shares during the period. Cornerstone Advisors LLC’s holdings in Texas Instruments were worth $8,717,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Texas Instruments by 454.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after buying an additional 1,029,741 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Texas Instruments by 17,253.3% during the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after acquiring an additional 609,905 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Texas Instruments by 234.1% in the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock valued at $144,423,000 after purchasing an additional 520,073 shares during the period. William Blair Investment Management LLC grew its stake in shares of Texas Instruments by 37.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company’s stock valued at $324,259,000 after buying an additional 451,862 shares during the period. Finally, Mondrian Investment Partners LTD raised its holdings in shares of Texas Instruments by 141.7% in the 2nd quarter. Mondrian Investment Partners LTD now owns 706,350 shares of the semiconductor company’s stock worth $143,961,000 after acquiring an additional 414,115 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, Bank of America lowered their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $206.95.

Insider Activity at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. This represents a 10.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s 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 completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $5,341,235 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Performance

Texas Instruments stock opened at $198.19 on Thursday. 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 12-month low of $151.27 and a 12-month high of $220.38. The firm’s fifty day moving average price is $204.45 and its 200 day moving average price is $200.15. The company has a market capitalization of $180.79 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

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.