Beese Fulmer Investment Management Inc. Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Beese Fulmer Investment Management Inc. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,293 shares of the semiconductor company’s stock after purchasing an additional 767 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Texas Instruments were worth $11,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. raised its position in Texas Instruments by 8.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,789 shares of the semiconductor company’s stock valued at $2,435,000 after acquiring an additional 915 shares in the last quarter. YHB Investment Advisors Inc. boosted its stake in Texas Instruments by 3.0% during the third quarter. YHB Investment Advisors Inc. now owns 2,275 shares of the semiconductor company’s stock worth $470,000 after buying an additional 66 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Texas Instruments by 17,253.3% during the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after buying an additional 609,905 shares during the last quarter. McAdam LLC acquired a new position in Texas Instruments during the third quarter worth $214,000. Finally, Courier Capital LLC boosted its stake in Texas Instruments by 57.0% during the third quarter. Courier Capital LLC now owns 16,017 shares of the semiconductor company’s stock worth $3,309,000 after buying an additional 5,815 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN stock opened at $201.74 on Thursday. The company has a market cap of $184.20 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. The stock has a 50 day simple moving average of $203.43 and a 200-day simple moving average of $194.99. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month 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 released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business posted $1.80 EPS. Texas Instruments’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.11 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 dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.70%. Texas Instruments’s dividend payout ratio (DPR) is presently 96.65%.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday. Mizuho set a $200.00 price target on Texas Instruments in a report on Friday, October 18th. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday. Susquehanna lowered their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $206.95.

Insider Activity

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Mohammad Yunus sold 3,778 shares of the company’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 transaction of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. This 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 the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company’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 value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, 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 a total of 15,558 shares of company stock valued at $3,255,323 over the last quarter. Company insiders own 0.68% of the company’s stock.

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.