Affinity Capital Advisors LLC Acquires New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Affinity Capital Advisors LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,016 shares of the semiconductor company’s stock, valued at approximately $210,000.

Several other large investors also recently modified their holdings of the business. Campbell & CO Investment Adviser LLC lifted its stake in Texas Instruments by 41.8% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 2,285 shares of the semiconductor company’s stock valued at $390,000 after buying an additional 674 shares in the last quarter. XML Financial LLC boosted its stake in Texas Instruments by 12.0% in the 4th quarter. XML Financial LLC now owns 2,104 shares of the semiconductor company’s stock worth $359,000 after purchasing an additional 226 shares during the period. Crosslink Capital Inc. bought a new position in Texas Instruments during the 4th quarter worth about $13,199,000. Visionary Wealth Advisors raised its stake in shares of Texas Instruments by 2.6% in the 4th quarter. Visionary Wealth Advisors now owns 9,009 shares of the semiconductor company’s stock valued at $1,536,000 after purchasing an additional 229 shares during the period. Finally, MGO One Seven LLC lifted its holdings in shares of Texas Instruments by 5.5% in the fourth quarter. MGO One Seven LLC now owns 10,805 shares of the semiconductor company’s stock valued at $1,842,000 after purchasing an additional 568 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays increased their price objective on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Jefferies Financial Group lifted their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird boosted their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group lifted their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $204.67.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $201.27 on Tuesday. The business’s 50 day moving average is $201.36 and its 200-day moving average is $192.43. The firm has a market cap of $183.25 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 4.42 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. 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 firm earned $1.87 earnings per share. The company’s revenue was down 15.6% on a year-over-year basis. Equities research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 84.87%.

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction 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 approximately $2,473,238.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction 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 $33,233,101.44. 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 valued at $3,255,323 in the last three months. Corporate insiders own 0.68% of the company’s stock.

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.