Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Advance Capital Management Inc.

Advance Capital Management Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 983 shares of the semiconductor company’s stock after selling 83 shares during the quarter. Advance Capital Management Inc.’s holdings in Texas Instruments were worth $203,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Exeter Financial LLC grew its stake in shares of Texas Instruments by 0.6% during the 3rd quarter. Exeter Financial LLC now owns 18,223 shares of the semiconductor company’s stock worth $3,764,000 after purchasing an additional 110 shares during the period. Affinity Capital Advisors LLC purchased a new stake in Texas Instruments during the third quarter worth about $210,000. Fulton Bank N.A. boosted its holdings in Texas Instruments by 1.3% during the third quarter. Fulton Bank N.A. now owns 7,466 shares of the semiconductor company’s stock worth $1,542,000 after buying an additional 93 shares in the last quarter. Prentice Wealth Management LLC grew its position in Texas Instruments by 2.9% during the third quarter. Prentice Wealth Management LLC now owns 2,727 shares of the semiconductor company’s stock worth $563,000 after buying an additional 76 shares during the period. Finally, Value Partners Investments Inc. increased its holdings in Texas Instruments by 9.9% in the third quarter. Value Partners Investments Inc. now owns 2,988 shares of the semiconductor company’s stock valued at $617,000 after buying an additional 270 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN stock opened at $201.20 on Tuesday. The firm has a market cap of $183.19 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 4.42 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The stock has a 50-day simple moving average of $201.36 and a 200-day simple moving average of $192.43.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the company earned $1.87 earnings per share. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed 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 is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 84.87%.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred 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 owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their position. 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 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock worth $3,255,323 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, August 21st. Rosenblatt Securities upped their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Truist Financial decreased their target price on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. KeyCorp boosted their price target on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $204.67.

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.