Verity & Verity LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Verity & Verity LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the third quarter, HoldingsChannel.com reports. The firm owned 96,425 shares of the semiconductor company’s stock after buying an additional 1,438 shares during the period. Texas Instruments accounts for 2.0% of Verity & Verity LLC’s portfolio, making the stock its 17th biggest position. Verity & Verity LLC’s holdings in Texas Instruments were worth $19,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pitcairn Co. lifted its stake in Texas Instruments by 5.1% in the 1st quarter. Pitcairn Co. now owns 9,706 shares of the semiconductor company’s stock valued at $1,691,000 after buying an additional 475 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Texas Instruments in the 1st quarter valued at about $442,000. Payden & Rygel Investment Group acquired a new stake in shares of Texas Instruments in the first quarter valued at approximately $401,000. Mattern Capital Management LLC lifted its position in Texas Instruments by 2.8% during the first quarter. Mattern Capital Management LLC now owns 51,278 shares of the semiconductor company’s stock worth $8,933,000 after buying 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. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN stock opened at $207.18 on Tuesday. The company has a market cap of $188.99 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. 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 stock has a 50-day moving average price of $204.51 and a two-hundred day moving average price of $200.01. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 101.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TXN shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Barclays reduced their price objective on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $206.95.

Insider Buying and Selling at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value 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 10.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This trade represents a 11.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 in the last ninety days. Insiders own 0.68% of the company’s stock.

Texas Instruments 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.