Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Vance Wealth Inc.

Vance Wealth Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,728 shares of the semiconductor company’s stock after acquiring an additional 61 shares during the period. Vance Wealth Inc.’s holdings in Texas Instruments were worth $357,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of Texas Instruments during the third quarter valued at about $28,000. Tsfg LLC grew its stake in Texas Instruments by 82.0% in the third 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. Capital Performance Advisors LLP acquired a new position in Texas Instruments in the third quarter worth about $39,000. McClarren Financial Advisors Inc. acquired a new position in Texas Instruments in the third quarter worth about $43,000. Finally, Friedenthal Financial acquired a new position in Texas Instruments in the second quarter worth about $50,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 10.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is owned by insiders.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $207.18 on Tuesday. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38. The stock has a market cap of $188.99 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 4.40 and a beta of 0.99. The stock’s 50 day moving average price is $204.51 and its 200 day moving average price is $200.01. 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 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 for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the company earned $1.80 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial decreased their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company 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. Barclays decreased their target price 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. Finally, JPMorgan Chase & Co. lifted their target price on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $206.95.

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.