Cerity Partners LLC Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Cerity Partners LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 378,141 shares of the semiconductor company’s stock after purchasing an additional 27,867 shares during the quarter. Cerity Partners LLC’s holdings in Texas Instruments were worth $78,112,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Waverly Advisors LLC grew its holdings in Texas Instruments by 79.5% during the 1st quarter. Waverly Advisors LLC now owns 9,111 shares of the semiconductor company’s stock valued at $1,587,000 after buying an additional 4,035 shares during the last quarter. IronBridge Private Wealth LLC boosted its stake in shares of Texas Instruments by 0.5% during the first quarter. IronBridge Private Wealth LLC now owns 17,262 shares of the semiconductor company’s stock valued at $3,007,000 after acquiring an additional 83 shares during the last quarter. Whalerock Point Partners LLC increased its position in Texas Instruments by 5.3% during the 1st quarter. Whalerock Point Partners LLC now owns 6,804 shares of the semiconductor company’s stock worth $1,185,000 after purchasing an additional 345 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in Texas Instruments in the 1st quarter valued at about $1,500,000. Finally, Vancity Investment Management Ltd boosted its stake in shares of Texas Instruments by 73.2% during the 1st quarter. Vancity Investment Management Ltd now owns 121,340 shares of the semiconductor company’s stock worth $21,138,000 after purchasing an additional 51,297 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN opened at $198.00 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market capitalization of $180.62 billion, a P/E ratio of 36.80, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99. The company’s 50 day simple moving average is $204.45 and its 200-day simple moving average is $200.38. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.80 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Susquehanna cut their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Bank of America reduced their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI lifted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $210.05.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,968 shares of company stock valued at $3,126,464. 0.68% of the stock is currently owned by insiders.

About Texas Instruments

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.