HTLF Bank Has $540,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

HTLF Bank reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,615 shares of the semiconductor company’s stock after selling 89 shares during the quarter. HTLF Bank’s holdings in Texas Instruments were worth $540,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. BDF Gestion lifted its stake in shares of Texas Instruments by 100.0% in the third quarter. BDF Gestion now owns 54,162 shares of the semiconductor company’s stock valued at $11,188,000 after buying an additional 27,081 shares during the period. Swedbank AB lifted its stake in shares of Texas Instruments by 32.3% in the third quarter. Swedbank AB now owns 327,124 shares of the semiconductor company’s stock valued at $67,574,000 after buying an additional 79,796 shares during the period. Creative Planning lifted its stake in shares of Texas Instruments by 7.1% in the third quarter. Creative Planning now owns 211,018 shares of the semiconductor company’s stock valued at $43,590,000 after buying an additional 13,972 shares during the period. CX Institutional lifted its stake in shares of Texas Instruments by 5.2% in the third quarter. CX Institutional now owns 3,481 shares of the semiconductor company’s stock valued at $719,000 after buying an additional 173 shares during the period. Finally, Sivia Capital Partners LLC lifted its stake in shares of Texas Instruments by 4.2% in the third quarter. Sivia Capital Partners LLC now owns 1,565 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 63 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $8.81 during midday trading on Tuesday, reaching $199.84. The company had a trading volume of 6,816,165 shares, compared to its average volume of 5,468,582. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $181.95 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98. The stock has a fifty day simple moving average of $202.48 and a 200 day simple moving average of $193.79. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the business earned $1.87 EPS. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.72%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 84.87%.

Insider Transactions at Texas Instruments

In other news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TXN shares. Truist Financial cut their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Evercore ISI raised their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Monday. Barclays raised their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus raised their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $205.65.

Read Our Latest Research Report on TXN

Texas Instruments Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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