Allspring Global Investments Holdings LLC Buys 7,646 Shares of Texas Instruments Incorporated $TXN

Allspring Global Investments Holdings LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 266,088 shares of the semiconductor company's stock after purchasing an additional 7,646 shares during the period. Allspring Global Investments Holdings LLC's holdings in Texas Instruments were worth $74,853,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Burton Enright Welch increased its stake in Texas Instruments by 274.8% in the third quarter. Burton Enright Welch now owns 4,599 shares of the semiconductor company's stock valued at $1,288,000 after acquiring an additional 3,372 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its stake in Texas Instruments by 41.5% during the third quarter. Beverly Hills Private Wealth LLC now owns 6,241 shares of the semiconductor company's stock worth $1,748,000 after purchasing an additional 1,831 shares during the last quarter. Bryn Mawr Trust Advisors LLC lifted its stake in Texas Instruments by 124.1% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 11,064 shares of the semiconductor company's stock worth $3,099,000 after purchasing an additional 6,128 shares during the last quarter. University of Texas Texas AM Investment Management Co. lifted its stake in Texas Instruments by 47.7% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 79,729 shares of the semiconductor company's stock worth $22,331,000 after purchasing an additional 25,756 shares during the last quarter. Finally, Almanack Investment Partners LLC. boosted its holdings in shares of Texas Instruments by 36.1% in the 3rd quarter. Almanack Investment Partners LLC. now owns 1,188 shares of the semiconductor company's stock valued at $333,000 after purchasing an additional 315 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $300.00 price objective for the company in a research report on Wednesday, October 28th. Weiss Ratings raised shares of Texas Instruments from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, November 4th. Arete Research lowered their price objective on shares of Texas Instruments from $405.00 to $381.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $340.00 to $365.00 and gave the stock an "overweight" rating in a research report on Thursday, October 22nd. Finally, Benchmark boosted their price objective on Texas Instruments from $315.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of "Moderate Buy" and a consensus target price of $315.37.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 6,065 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $310.39, for a total transaction of $1,882,515.35. Following the transaction, the director directly owned 15,462 shares of the company's stock, valued at $4,799,250.18. This represents a 28.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Tsedeniya Abraham sold 7,000 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the sale, the vice president owned 23,181 shares of the company's stock, valued at $6,134,388.03. The trade was a 23.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,968 shares of company stock worth $8,236,892 over the last ninety days. 0.60% of the stock is owned by corporate insiders.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $295.73 on Tuesday. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The firm has a fifty day simple moving average of $279.80 and a 200 day simple moving average of $261.92. The company has a market capitalization of $270.23 billion, a PE ratio of 38.36, a P/E/G ratio of 1.54 and a beta of 1.39. The company has a quick ratio of 4.05, a current ratio of 5.59 and a debt-to-equity ratio of 0.67.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.22. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. Texas Instruments's revenue for the quarter was up 27.7% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 8.97 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be given a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, October 30th. This is a boost from Texas Instruments's previous quarterly dividend of $1.42. Texas Instruments's dividend payout ratio is presently 78.86%.

About Texas Instruments

Texas Instruments Incorporated NASDAQ: TXN designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.

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