Winch Advisory Services LLC Sells 97 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Winch Advisory Services LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,315 shares of the semiconductor company’s stock after selling 97 shares during the quarter. Winch Advisory Services LLC’s holdings in Texas Instruments were worth $1,511,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its position in shares of Texas Instruments by 58.6% in the first quarter. AdvisorNet Financial Inc now owns 1,718 shares of the semiconductor company’s stock worth $299,000 after buying an additional 635 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Texas Instruments during the 1st quarter valued at about $3,047,000. Community Bank of Raymore grew its holdings in shares of Texas Instruments by 14.9% during the first quarter. Community Bank of Raymore now owns 8,875 shares of the semiconductor company’s stock worth $1,546,000 after purchasing an additional 1,150 shares in the last quarter. New England Professional Planning Group Inc. purchased a new position in shares of Texas Instruments during the first quarter worth about $336,000. Finally, DLK Investment Management LLC increased its position in shares of Texas Instruments by 12.3% in the first quarter. DLK Investment Management LLC now owns 13,675 shares of the semiconductor company’s stock worth $2,382,000 after purchasing an additional 1,501 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TXN. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Monday, October 14th. Evercore ISI raised their price target on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Morgan Stanley upped their price objective on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. KeyCorp raised their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Truist Financial lowered their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $206.65.

Texas Instruments Stock Performance

Shares of TXN stock opened at $195.77 on Tuesday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average of $203.37 and a 200 day moving average of $194.75. The firm has a market capitalization of $178.75 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 4.32 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.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the company earned $1.87 earnings per share. Texas Instruments’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company 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 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 dividend on an annualized basis and a dividend yield of 2.78%. Texas Instruments’s dividend payout ratio is 90.28%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction on 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 in the company, valued at approximately $6,035,956.60. This 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 can be accessed through this link. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was 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 owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company’s stock.

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.