Insight Wealth Partners LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Insight Wealth Partners LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,358 shares of the semiconductor company’s stock after acquiring an additional 67 shares during the quarter. Insight Wealth Partners LLC’s holdings in Texas Instruments were worth $1,933,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TXN. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments in the 3rd quarter valued at $28,000. Tsfg LLC boosted its stake in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the 3rd quarter valued at approximately $39,000. McClarren Financial Advisors Inc. bought a new stake in Texas Instruments in the 3rd quarter worth approximately $43,000. Finally, Darwin Wealth Management LLC bought a new stake in Texas Instruments in the 3rd quarter worth approximately $45,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Bank of America dropped their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Barclays decreased their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna dropped their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Finally, Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $210.05.

Texas Instruments Stock Down 1.0 %

NASDAQ:TXN opened at $200.95 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38. The company has a 50-day moving average of $204.53 and a 200 day moving average of $200.71. The firm has a market cap of $183.31 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company posted $1.80 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.71%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is 101.12%.

Texas Instruments Company 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.