Catalyst Capital Advisors LLC Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Catalyst Capital Advisors LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 62.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,423 shares of the semiconductor company’s stock after buying an additional 546 shares during the period. Catalyst Capital Advisors LLC’s holdings in Texas Instruments were worth $294,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. raised its holdings in shares of Texas Instruments by 20.9% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 388 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 67 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its position in Texas Instruments by 6.2% during the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 50,727 shares of the semiconductor company’s stock worth $10,479,000 after purchasing an additional 2,962 shares in the last quarter. PDS Planning Inc raised its holdings in Texas Instruments by 1.9% in the third quarter. PDS Planning Inc now owns 5,773 shares of the semiconductor company’s stock valued at $1,193,000 after buying an additional 106 shares during the period. QRG Capital Management Inc. raised its holdings in Texas Instruments by 6.2% in the third quarter. QRG Capital Management Inc. now owns 99,800 shares of the semiconductor company’s stock valued at $20,616,000 after buying an additional 5,824 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in Texas Instruments by 3.0% during the third quarter. Asset Management One Co. Ltd. now owns 354,877 shares of the semiconductor company’s stock valued at $73,307,000 after buying an additional 10,429 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were 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 owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TXN shares. Truist Financial cut their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Susquehanna reduced their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Finally, Bank of America decreased their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Three research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Stock Down 0.6 %

NASDAQ:TXN opened at $202.46 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market capitalization of $184.69 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 4.45 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $143.08 and a one year high of $214.66. The stock has a 50-day simple moving average of $203.55 and a 200 day simple moving average of $197.63.

Texas Instruments (NASDAQ:TXN) last issued 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. The company had revenue of $4.15 billion during 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 business’s revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced 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 represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is 101.12%.

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.