Dearborn Partners LLC Buys New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Dearborn Partners LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 1,409 shares of the semiconductor company’s stock, valued at approximately $201,000.

Several other institutional investors have also made changes to their positions in TXN. Crewe Advisors LLC acquired a new position in Texas Instruments during the 3rd quarter worth approximately $32,000. Newfound Research LLC purchased a new position in Texas Instruments in the 3rd quarter worth approximately $34,000. Toth Financial Advisory Corp purchased a new position in Texas Instruments in the 2nd quarter worth approximately $31,000. JJJ Advisors Inc. raised its holdings in Texas Instruments by 243.1% in the 3rd quarter. JJJ Advisors Inc. now owns 247 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 175 shares during the last quarter. Finally, Evolution Wealth Advisors LLC raised its holdings in Texas Instruments by 89.7% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 277 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

In other Texas Instruments news, Director Jean M. Hobby sold 1,500 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $130.55, for a total transaction of $195,825.00. Following the completion of the transaction, the director now owns 4,391 shares of the company’s stock, valued at approximately $573,245.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 12,156 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $132.18, for a total transaction of $1,606,780.08. Following the transaction, the director now directly owns 43,082 shares of the company’s stock, valued at approximately $5,694,578.76. The disclosure for this sale can be found here. Insiders sold a total of 183,240 shares of company stock valued at $24,454,298 in the last ninety days. 0.73% of the stock is currently owned by insiders.

A number of equities analysts recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Texas Instruments from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, October 16th. DZ Bank upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a report on Thursday, July 23rd. Smith Barney Citigroup boosted their price objective on shares of Texas Instruments from $155.00 to $174.00 in a report on Wednesday. Morgan Stanley boosted their target price on shares of Texas Instruments from $121.00 to $130.00 and gave the company an “underweight” rating in a research note on Monday. Finally, Credit Suisse Group boosted their target price on shares of Texas Instruments from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $150.14.

Texas Instruments stock traded up $0.91 during mid-day trading on Friday, hitting $149.13. The stock had a trading volume of 63,555 shares, compared to its average volume of 5,428,932. The firm has a market capitalization of $135.76 billion, a P/E ratio of 27.81, a P/E/G ratio of 3.25 and a beta of 1.14. The company has a current ratio of 3.92, a quick ratio of 2.94 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average is $143.38 and its 200 day moving average is $128.64. Texas Instruments Incorporated has a one year low of $93.09 and a one year high of $155.88.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 20th. The semiconductor company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.17. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.45 billion. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. Texas Instruments’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be issued a $1.02 dividend. The ex-dividend date is Thursday, October 29th. This represents a $4.08 annualized dividend and a yield of 2.74%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s dividend payout ratio is currently 68.70%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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