Texas Instruments Incorporated $TXN Stock Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 19.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,825 shares of the semiconductor company’s stock after purchasing an additional 2,049 shares during the quarter. VCI Wealth Management LLC’s holdings in Texas Instruments were worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in shares of Texas Instruments in the 2nd quarter valued at approximately $1,493,000. Diversify Advisory Services LLC boosted its stake in shares of Texas Instruments by 122.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 24,545 shares of the semiconductor company’s stock valued at $6,851,000 after buying an additional 13,495 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Texas Instruments during the 2nd quarter valued at approximately $1,962,000. Ieq Capital LLC acquired a new stake in shares of Texas Instruments during the second quarter worth approximately $17,709,000. Finally, Liontrust Investment Partners LLP acquired a new stake in shares of Texas Instruments during the first quarter worth approximately $13,056,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays lifted their price target on shares of Texas Instruments from $250.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 22nd. The Goldman Sachs Group reiterated a “sell” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Thursday, October 22nd. Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 22nd. Rosenblatt Securities raised their price objective on shares of Texas Instruments from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Finally, Benchmark boosted their target price on shares of Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Moderate Buy” and an average price target of $315.37.

Insider Activity

In other news, Director Ronald Kirk sold 6,065 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $310.39, for a total value of $1,882,515.35. Following the transaction, the director directly owned 15,462 shares in the company, valued at approximately $4,799,250.18. This trade represents a 28.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 6,065 shares of Texas Instruments stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $302.21, for a total transaction of $1,832,903.65. Following the completion of the transaction, the director directly owned 21,600 shares of the company’s stock, valued at $6,527,736. This trade represents a 21.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,968 shares of company stock valued at $8,236,892 over the last quarter. 0.60% of the stock is owned by company insiders.

Texas Instruments Trading Up 0.4%

NASDAQ:TXN opened at $302.02 on Tuesday. The company has a quick ratio of 4.05, a current ratio of 5.59 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $276.41 and its two-hundred day moving average is $259.33. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The company has a market cap of $275.98 billion, a PE ratio of 39.17, a P/E/G ratio of 1.54 and a beta of 1.35.

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

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be paid a dividend of $1.52 per share. 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 annualized dividend and a yield of 2.0%. Texas Instruments’s payout ratio is presently 73.67%.

About Texas Instruments

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.