United Asset Strategies Inc. Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

United Asset Strategies Inc. raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,496 shares of the semiconductor company’s stock after buying an additional 271 shares during the quarter. United Asset Strategies Inc.’s holdings in Texas Instruments were worth $1,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tsfg LLC boosted its position in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Texas Instruments during the third quarter worth about $43,000. Friedenthal Financial acquired a new position in shares of Texas Instruments during the second quarter valued at about $50,000. Beacon Capital Management LLC raised its position in shares of Texas Instruments by 42.1% in the 1st quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 98 shares during the last quarter. Finally, Baldwin Brothers LLC MA boosted its stake in Texas Instruments by 121.3% in the 2nd quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial cut their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Robert W. Baird decreased their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $4.59 during trading hours on Thursday, reaching $203.34. The stock had a trading volume of 1,427,299 shares, compared to its average volume of 5,470,955. Texas Instruments Incorporated has a twelve month low of $140.03 and a twelve month high of $214.66. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $185.14 billion, a PE ratio of 32.44, a PEG ratio of 4.52 and a beta of 0.98. The stock’s 50 day moving average is $203.92 and its 200 day moving average is $196.31.

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

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.68%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 84.87%.

Insider Buying and Selling

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by corporate insiders.

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.