Texas Instruments Incorporated $TXN Stock Sold by True Freedom Investing LLC

True Freedom Investing LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 26,676 shares of the semiconductor company’s stock after selling 1,712 shares during the period. Texas Instruments makes up approximately 1.2% of True Freedom Investing LLC’s investment portfolio, making the stock its 18th largest holding. True Freedom Investing LLC’s holdings in Texas Instruments were worth $7,472,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kilter Group LLC purchased a new stake in Texas Instruments during the 2nd quarter worth approximately $31,000. Creative Capital Management Investments LLC increased its stake in Texas Instruments by 167.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 107 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 67 shares in the last quarter. Nvwm LLC raised its holdings in shares of Texas Instruments by 550.0% in the third quarter. Nvwm LLC now owns 117 shares of the semiconductor company’s stock worth $33,000 after buying an additional 99 shares during the last quarter. Addison Advisors LLC purchased a new position in shares of Texas Instruments in the second quarter worth $38,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of Texas Instruments during the third quarter worth $36,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN opened at $300.84 on Monday. The company has a market capitalization of $274.90 billion, a PE ratio of 39.02, a P/E/G ratio of 1.49 and a beta of 1.35. The company has a fifty day moving average of $275.66 and a 200 day moving average of $258.76. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.40 by $0.22. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The firm’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 8.89 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a $1.52 dividend. The ex-dividend date is Friday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.0%. Texas Instruments’s dividend payout ratio (DPR) is currently 78.86%.

Insider Activity

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the transaction, the vice president directly owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 4,306 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $302.46, for a total transaction of $1,302,392.76. Following the sale, the director directly owned 11,341 shares in the company, valued at $3,430,198.86. The trade was a 27.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,968 shares of company stock valued at $8,236,892 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Arete Research cut their target price on Texas Instruments from $405.00 to $381.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. DZ Bank raised Texas Instruments from a “sell” rating to a “hold” rating and set a $300.00 price target for the company in a research report on Wednesday, October 28th. The Goldman Sachs Group reissued a “sell” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Thursday, October 22nd. Truist Financial set a $305.00 price objective on Texas Instruments in a research note on Thursday, October 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $315.37.

Texas Instruments Company Profile

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.