Drive Wealth Management LLC Has $264,000 Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Drive Wealth Management LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,280 shares of the semiconductor company’s stock after buying an additional 176 shares during the quarter. Drive Wealth Management LLC’s holdings in Texas Instruments were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of TXN. Pitcairn Co. boosted its position in shares of Texas Instruments by 5.1% during the 1st quarter. Pitcairn Co. now owns 9,706 shares of the semiconductor company’s stock worth $1,691,000 after purchasing an additional 475 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Texas Instruments in the 1st quarter worth $442,000. Payden & Rygel Investment Group acquired a new stake in Texas Instruments in the 1st quarter valued at $401,000. Mattern Capital Management LLC increased its stake in Texas Instruments by 2.8% during the 1st quarter. Mattern Capital Management LLC now owns 51,278 shares of the semiconductor company’s stock valued at $8,933,000 after purchasing an additional 1,375 shares in the last quarter. Finally, English Capital Management LLC acquired a new position in Texas Instruments during the first quarter worth $3,833,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Texas Instruments stock opened at $207.18 on Tuesday. The business has a fifty day moving average price of $204.51 and a 200-day moving average price of $200.01. The firm has a market capitalization of $188.99 billion, a P/E ratio of 38.51, a PEG ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. 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 (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.80 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business 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 annualized dividend and a dividend yield of 2.63%. This is a boost 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 is 101.12%.

Wall Street Analysts Forecast Growth

TXN has been the subject of several recent research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Jefferies Financial Group increased their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Evercore ISI raised 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. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $206.95.

Insider Activity

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s 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 transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred 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 completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is currently 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.