Texas Instruments Incorporated $TXN Stock: R Squared Ltd Cuts Position

R Squared Ltd lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 70.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 971 shares of the semiconductor company’s stock after selling 2,267 shares during the period. R Squared Ltd’s holdings in Texas Instruments were worth $272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. King Luther Capital Management Corp raised its stake in shares of Texas Instruments by 3.2% during the 3rd quarter. King Luther Capital Management Corp now owns 79,735 shares of the semiconductor company’s stock worth $22,333,000 after buying an additional 2,479 shares in the last quarter. Banyan Capital Management Inc. acquired a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $594,000. Maryland State Retirement & Pension System boosted its stake in shares of Texas Instruments by 13.9% in the third quarter. Maryland State Retirement & Pension System now owns 55,898 shares of the semiconductor company’s stock valued at $15,656,000 after buying an additional 6,839 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Texas Instruments by 15.5% in the third quarter. Ritholtz Wealth Management now owns 16,076 shares of the semiconductor company’s stock valued at $4,503,000 after buying an additional 2,162 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp boosted its stake in shares of Texas Instruments by 31.5% in the third quarter. UNIVEST FINANCIAL Corp now owns 1,258 shares of the semiconductor company’s stock valued at $352,000 after buying an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN traded down $8.88 during trading on Friday, reaching $303.60. 5,228,771 shares of the stock were exchanged, compared to its average volume of 9,484,298. The business’s 50 day moving average price is $283.87 and its two-hundred day moving average price is $264.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05. The company has a market capitalization of $277.42 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 1.53 and a beta of 1.39. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03.

Texas Instruments (NASDAQ:TXN) last announced 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. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter last year, the business posted $1.48 earnings per share. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 8.99 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Friday, October 30th were given a $1.52 dividend. The ex-dividend date was Friday, October 30th. This represents a $6.08 annualized dividend and a dividend yield of 2.0%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s payout ratio is presently 78.86%.

Insiders Place Their Bets

In related news, Director Jean Hobby sold 8,758 shares of the stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $308.92, for a total value of $2,705,521.36. Following the sale, the director directly owned 4,627 shares of the company’s stock, valued at approximately $1,429,372.84. This represents a 65.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,882,515.35. Following the transaction, the director owned 15,462 shares of the company’s stock, valued at $4,799,250.18. This trade represents a 28.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 36,726 shares of company stock worth $10,942,413. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

TXN has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a report on Tuesday, October 20th. Wells Fargo & Company reduced their target price on Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating for the company in a report on Tuesday, October 20th. Sanford C. Bernstein raised their target price on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. Finally, KeyCorp upped their price target on shares of Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Moderate Buy” and an average target price of $315.37.

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.