Garrett Wealth Advisory Group LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 371 shares of the semiconductor company’s stock, valued at approximately $48,000.
Other institutional investors have also bought and sold shares of the company. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Texas Instruments by 1.5% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,536 shares of the semiconductor company’s stock valued at $715,000 after acquiring an additional 81 shares during the period. Atria Investments LLC raised its holdings in Texas Instruments by 0.4% in the 2nd quarter. Atria Investments LLC now owns 22,632 shares of the semiconductor company’s stock valued at $2,758,000 after acquiring an additional 85 shares during the period. Capital Investment Advisory Services LLC raised its holdings in Texas Instruments by 2.5% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 3,550 shares of the semiconductor company’s stock valued at $459,000 after acquiring an additional 85 shares during the period. Meridian Wealth Management LLC raised its holdings in Texas Instruments by 5.3% in the 2nd quarter. Meridian Wealth Management LLC now owns 1,708 shares of the semiconductor company’s stock valued at $196,000 after acquiring an additional 86 shares during the period. Finally, Fiduciary Group LLC raised its holdings in Texas Instruments by 1.7% in the 2nd quarter. Fiduciary Group LLC now owns 5,338 shares of the semiconductor company’s stock valued at $613,000 after acquiring an additional 89 shares during the period. Institutional investors own 85.39% of the company’s stock.
Several research analysts have weighed in on the stock. Deutsche Bank reissued a “neutral” rating and issued a $120.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. Oppenheimer raised their target price on shares of Texas Instruments from $130.00 to $140.00 in a report on Friday. ValuEngine cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stifel Nicolaus lowered their target price on shares of Texas Instruments from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. Finally, Charter Equity raised shares of Texas Instruments from a “market perform” rating to a “buy” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company. Texas Instruments currently has an average rating of “Hold” and an average price target of $120.12.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter last year, the business posted $1.37 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be given a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $3.60 dividend on an annualized basis and a yield of 2.78%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s dividend payout ratio (DPR) is currently 56.83%.
In other news, SVP Bing Xie sold 52,299 shares of Texas Instruments stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $127.75, for a total transaction of $6,681,197.25. Following the transaction, the senior vice president now owns 106,264 shares in the company, valued at $13,575,226. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider R Gregory Delagi sold 450,000 shares of Texas Instruments stock in a transaction on Monday, July 29th. The stock was sold at an average price of $128.31, for a total transaction of $57,739,500.00. Following the transaction, the insider now owns 243,755 shares in the company, valued at approximately $31,276,204.05. The disclosure for this sale can be found here. Insiders sold 1,251,117 shares of company stock worth $159,473,823 in the last 90 days. Company insiders own 0.89% of the company’s stock.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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