Blue Trust Inc. Buys 2,082 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Blue Trust Inc. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,626 shares of the semiconductor company’s stock after buying an additional 2,082 shares during the period. Blue Trust Inc.’s holdings in Texas Instruments were worth $3,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TXN. Investment Advisory Services Inc. TX ADV raised its stake in shares of Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after buying an additional 51 shares in the last quarter. Verity Asset Management Inc. boosted its holdings in Texas Instruments by 1.1% during the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after purchasing an additional 54 shares in the last quarter. Prentice Wealth Management LLC grew its stake in shares of Texas Instruments by 2.1% in the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 55 shares during the period. Pure Financial Advisors LLC raised its holdings in shares of Texas Instruments by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after buying an additional 55 shares in the last quarter. Finally, Bell Investment Advisors Inc boosted its stake in shares of Texas Instruments by 14.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 55 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Price Performance

Shares of TXN stock opened at $198.47 on Friday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The firm has a fifty day moving average of $203.30 and a 200-day moving average of $194.22. The firm has a market capitalization of $180.70 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 4.54 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS 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 for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the firm posted $1.87 earnings per share. Texas Instruments’s revenue was down 15.6% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 84.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TXN shares. Mizuho set a $200.00 target price on shares of Texas Instruments in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Morgan Stanley increased their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Evercore ISI boosted their price objective on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Three 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $207.15.

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.