Mainstay Capital Management LLC ADV Has $1.95 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Mainstay Capital Management LLC ADV lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,440 shares of the semiconductor company’s stock after buying an additional 63 shares during the period. Texas Instruments comprises approximately 0.3% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 28th biggest position. Mainstay Capital Management LLC ADV’s holdings in Texas Instruments were worth $1,950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dakota Wealth Management boosted its holdings in shares of Texas Instruments by 1.1% during the third quarter. Dakota Wealth Management now owns 10,984 shares of the semiconductor company’s stock worth $2,269,000 after purchasing an additional 115 shares during the period. DT Investment Partners LLC increased its stake in Texas Instruments by 6.3% in the 3rd quarter. DT Investment Partners LLC now owns 1,928 shares of the semiconductor company’s stock valued at $398,000 after buying an additional 114 shares during the period. Mcdaniel Terry & Co. lifted its position in Texas Instruments by 3.1% in the 3rd quarter. Mcdaniel Terry & Co. now owns 84,735 shares of the semiconductor company’s stock worth $17,504,000 after buying an additional 2,522 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Texas Instruments by 1.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 457,351 shares of the semiconductor company’s stock valued at $94,475,000 after buying an additional 7,722 shares during the period. Finally, American Institute for Advanced Investment Management LLP purchased a new position in shares of Texas Instruments during the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TXN shares. Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday. Stifel Nicolaus raised their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, October 18th. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $206.95.

Insider Transactions at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on 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 directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. 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 available through this hyperlink. In related news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Up 2.4 %

Shares of TXN stock opened at $206.61 on Friday. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. 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 firm has a market cap of $188.11 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. The stock has a 50 day moving average of $203.43 and a 200-day moving average of $194.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.15%. The firm had revenue of $4.15 billion during 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 business’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The company 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 $1.36 dividend. 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. This represents a $5.44 annualized dividend and a yield of 2.63%. Texas Instruments’s dividend payout ratio is 84.87%.

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.