Concord Wealth Partners Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

Concord Wealth Partners raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,795 shares of the semiconductor company’s stock after buying an additional 1,014 shares during the period. Concord Wealth Partners’ holdings in Texas Instruments were worth $3,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Welch Group LLC increased its stake in shares of Texas Instruments by 1.6% in the third quarter. Welch Group LLC now owns 235,001 shares of the semiconductor company’s stock worth $48,544,000 after buying an additional 3,644 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in Texas Instruments by 4.5% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 2,986 shares of the semiconductor company’s stock worth $617,000 after acquiring an additional 129 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in Texas Instruments by 16.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 459 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 64 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Texas Instruments by 4.0% in the third quarter. J.W. Cole Advisors Inc. now owns 11,897 shares of the semiconductor company’s stock valued at $2,458,000 after acquiring an additional 462 shares during the period. Finally, Hamlin Capital Management LLC raised its stake in shares of Texas Instruments by 7.8% during the third quarter. Hamlin Capital Management LLC now owns 797,908 shares of the semiconductor company’s stock valued at $164,824,000 after acquiring an additional 57,555 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other 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 sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the 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 of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Down 0.3 %

Shares of NASDAQ:TXN traded down $0.64 on Monday, hitting $206.29. 1,062,479 shares of the company traded hands, compared to its average volume of 5,476,734. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market cap of $188.18 billion, a PE ratio of 38.46, a PEG ratio of 4.52 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The stock has a 50 day simple moving average of $203.65 and a 200-day simple moving average of $195.67.

Texas Instruments (NASDAQ:TXN) last posted its quarterly 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. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. Texas Instruments’s payout ratio is currently 96.65%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Susquehanna reduced their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Evercore ISI raised their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $206.95.

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.