Valley Brook Capital Group Inc. Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Valley Brook Capital Group Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,470 shares of the semiconductor company’s stock after selling 240 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Texas Instruments were worth $510,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. CFO4Life Group LLC boosted its position in Texas Instruments by 7.4% during the first quarter. CFO4Life Group LLC now owns 6,400 shares of the semiconductor company’s stock worth $1,115,000 after acquiring an additional 441 shares during the last quarter. Empirical Finance LLC boosted its holdings in shares of Texas Instruments by 3.5% during the 1st quarter. Empirical Finance LLC now owns 33,064 shares of the semiconductor company’s stock worth $5,760,000 after purchasing an additional 1,121 shares during the last quarter. AIA Group Ltd grew its position in shares of Texas Instruments by 3.2% in the first quarter. AIA Group Ltd now owns 359,683 shares of the semiconductor company’s stock valued at $62,660,000 after purchasing an additional 11,202 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Texas Instruments by 38.9% in the first quarter. Empowered Funds LLC now owns 66,276 shares of the semiconductor company’s stock valued at $11,546,000 after purchasing an additional 18,550 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in Texas Instruments by 4.0% during the first quarter. Metis Global Partners LLC now owns 60,549 shares of the semiconductor company’s stock worth $10,548,000 after buying an additional 2,311 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction 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 transaction, 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 document filed with the SEC, which is accessible through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s 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 sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. 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 can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred 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 owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TXN has been the subject of several analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Stifel Nicolaus upped their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Bank of America decreased their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average price target of $206.95.

Texas Instruments Stock Up 0.9 %

Shares of TXN stock traded up $1.97 during trading on Thursday, reaching $216.94. The company’s stock had a trading volume of 434,355 shares, compared to its average volume of 5,470,393. Texas Instruments Incorporated has a 1-year low of $143.08 and a 1-year high of $217.38. The stock’s 50-day moving average price is $203.70 and its 200 day moving average price is $197.75. The company has a market capitalization of $197.90 billion, a price-to-earnings ratio of 39.96, a P/E/G ratio of 4.45 and a beta of 0.99. 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 (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.80 earnings per share. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given 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 2.51%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

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.