Texas Instruments Incorporated $TXN Shares Newly Acquired by Garner Asset Management Corp

Garner Asset Management Corp bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 3rd quarter, Holdings Channel reports. The firm bought 7,229 shares of the semiconductor company’s stock, valued at approximately $2,155,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super raised its position in Texas Instruments by 1.1% in the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 98,714 shares of the semiconductor company’s stock valued at $27,649,000 after purchasing an additional 1,100 shares during the period. Eads & Heald Wealth Management lifted its stake in shares of Texas Instruments by 0.8% in the 3rd quarter. Eads & Heald Wealth Management now owns 5,995 shares of the semiconductor company’s stock valued at $1,679,000 after purchasing an additional 46 shares during the last quarter. VCI Wealth Management LLC lifted its stake in shares of Texas Instruments by 19.0% in the 3rd quarter. VCI Wealth Management LLC now owns 12,825 shares of the semiconductor company’s stock valued at $3,592,000 after purchasing an additional 2,049 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Texas Instruments by 16.8% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,263 shares of the semiconductor company’s stock worth $634,000 after purchasing an additional 326 shares during the period. Finally, BOCHK Asset Management Ltd grew its holdings in shares of Texas Instruments by 43.1% during the 3rd quarter. BOCHK Asset Management Ltd now owns 9,300 shares of the semiconductor company’s stock worth $2,605,000 after purchasing an additional 2,800 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. DZ Bank raised Texas Instruments from a “sell” rating to a “hold” rating and set a $300.00 price objective for the company in a research report on Wednesday, October 28th. Mizuho decreased their target price on shares of Texas Instruments from $305.00 to $290.00 and set a “neutral” rating on the stock in a research report on Thursday, October 22nd. Arete Research lowered their target price on shares of Texas Instruments from $405.00 to $381.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Barclays lifted their price target on shares of Texas Instruments from $250.00 to $280.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Finally, Rosenblatt Securities boosted their price target on shares of Texas Instruments from $350.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $315.37.

Texas Instruments Trading Up 3.5%

TXN opened at $312.48 on Wednesday. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. 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 has a fifty day simple moving average of $277.49 and a 200-day simple moving average of $259.93. The firm has a market cap of $285.53 billion, a P/E ratio of 40.53, a P/E/G ratio of 1.50 and a beta of 1.39.

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

Texas Instruments Increases Dividend

The firm also recently declared 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. This represents a $6.08 dividend on an annualized basis and a yield of 1.9%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, October 30th. Texas Instruments’s payout ratio is currently 78.86%.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 4,532 shares of Texas Instruments stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $301.56, for a total value of $1,366,669.92. Following the completion of the transaction, the director owned 34,487 shares in the company, valued at approximately $10,399,899.72. The trade was a 11.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 6,065 shares of Texas Instruments stock in a transaction that occurred on 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 owned 21,600 shares of the company’s stock, valued at $6,527,736. This trade represents a 21.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 27,968 shares of company stock valued at $8,236,892. 0.60% of the stock is owned by company insiders.

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.