Deseret Mutual Benefit Administrators Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Deseret Mutual Benefit Administrators trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,682 shares of the semiconductor company’s stock after selling 389 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Texas Instruments were worth $967,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wilkinson Global Asset Management LLC grew its holdings in shares of Texas Instruments by 10.8% during the third quarter. Wilkinson Global Asset Management LLC now owns 388,853 shares of the semiconductor company’s stock worth $80,325,000 after buying an additional 37,822 shares in the last quarter. Graypoint LLC grew its stake in Texas Instruments by 1.1% during the 3rd quarter. Graypoint LLC now owns 31,012 shares of the semiconductor company’s stock valued at $6,406,000 after acquiring an additional 343 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Texas Instruments during the 3rd quarter valued at about $239,000. Wealth Architects LLC lifted its stake in Texas Instruments by 4.1% in the 3rd quarter. Wealth Architects LLC now owns 2,275 shares of the semiconductor company’s stock worth $470,000 after purchasing an additional 89 shares in the last quarter. Finally, M&G PLC lifted its stake in Texas Instruments by 4.4% in the 3rd quarter. M&G PLC now owns 52,342 shares of the semiconductor company’s stock worth $10,835,000 after purchasing an additional 2,217 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TXN shares. Barclays dropped their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company 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 stock a “sell” rating in a research note on Wednesday, July 24th. Stifel Nicolaus boosted their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Morgan Stanley raised their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $206.95.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was 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 the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Performance

NASDAQ TXN opened at $216.29 on Thursday. 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 company has a market cap of $197.30 billion, a P/E ratio of 39.96, a P/E/G ratio of 4.45 and a beta of 0.99. The stock has a 50-day moving average of $203.70 and a two-hundred day moving average of $197.75. Texas Instruments Incorporated has a 1-year low of $143.08 and a 1-year high of $216.29.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm earned $1.80 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.52%. Texas Instruments’s dividend payout ratio is 101.12%.

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.