Deltec Asset Management LLC Takes $207,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Deltec Asset Management LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,000 shares of the semiconductor company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TXN. Azzad Asset Management Inc. ADV raised its position in shares of Texas Instruments by 3.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 15,177 shares of the semiconductor company’s stock worth $2,644,000 after acquiring an additional 550 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 101 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Texas Instruments by 11.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 23,704 shares of the semiconductor company’s stock valued at $4,129,000 after purchasing an additional 2,503 shares during the period. Core Wealth Partners LLC boosted its stake in shares of Texas Instruments by 9.5% in the 1st quarter. Core Wealth Partners LLC now owns 1,415 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 123 shares during the last quarter. Finally, American National Bank & Trust Co. VA acquired a new stake in shares of Texas Instruments during the 1st quarter worth approximately $1,380,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In related news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 over the last ninety days. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $211.35 on Wednesday. The company has a fifty day moving average price of $203.93 and a 200 day moving average price of $196.23. The firm has a market cap of $192.43 billion, a PE ratio of 32.97, a PEG ratio of 4.52 and a beta of 0.98. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results 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 company 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 company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 earnings per share. Research analysts predict 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 will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 84.87%.

Analyst Ratings Changes

A number of equities analysts have issued reports on TXN shares. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. 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. Finally, Evercore ISI boosted their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $206.95.

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.