Axxcess Wealth Management LLC Sells 6,332 Shares of Texas Instruments Incorporated $TXN

Axxcess Wealth Management LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 41.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 8,978 shares of the semiconductor company's stock after selling 6,332 shares during the quarter. Axxcess Wealth Management LLC's holdings in Texas Instruments were worth $2,515,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in Texas Instruments by 104.6% during the third quarter. Crossmark Global Holdings Inc. now owns 207,574 shares of the semiconductor company's stock worth $58,139,000 after purchasing an additional 106,111 shares during the period. Kraft Davis & Associates LLC grew its holdings in shares of Texas Instruments by 4.4% during the third quarter. Kraft Davis & Associates LLC now owns 827 shares of the semiconductor company's stock worth $230,000 after purchasing an additional 35 shares in the last quarter. Strengthening Families & Communities LLC increased its holdings in shares of Texas Instruments by 3.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 5,442 shares of the semiconductor company's stock worth $1,524,000 after buying an additional 165 shares during the last quarter. Sowell Financial Services LLC increased its stake in Texas Instruments by 7.3% in the third quarter. Sowell Financial Services LLC now owns 4,950 shares of the semiconductor company's stock valued at $1,386,000 after acquiring an additional 338 shares during the last quarter. Finally, Atticus Wealth Management LLC raised its position in Texas Instruments by 5.8% during the third quarter. Atticus Wealth Management LLC now owns 1,829 shares of the semiconductor company's stock valued at $512,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $279.50 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The business's 50 day simple moving average is $271.88 and its two-hundred day simple moving average is $279.43. The stock has a market capitalization of $255.25 billion, a P/E ratio of 36.92, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.22. Texas Instruments had a return on equity of 41.79% and a net margin of 34.25%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The business's quarterly revenue was up 27.7% compared to the same quarter last year. Analysts forecast that Texas Instruments Incorporated will post 8.49 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders 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 yield of 2.2%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Texas Instruments's previous quarterly dividend of $1.42. Texas Instruments's dividend payout ratio is currently 86.45%.

Key Headlines Impacting Texas Instruments

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Q3 results exceeded expectations: Revenue rose 27.7% year over year to $6.06 billion, while EPS reached $2.62 versus the $2.40 consensus estimate. Net income increased 78% to $2.43 billion, supported by broad-based growth in industrial, automotive and data-center markets. Texas Instruments third-quarter financial results
• Positive Sentiment: Data-center demand is accelerating: Data-center revenue grew 95% year over year, while industrial demand reached a record level. Management also highlighted improving factory utilization and capacity expansion aimed at supporting long-term cash-flow growth. Texas Instruments key takeaways
• Positive Sentiment: Forecasts and analyst views improved: Fourth-quarter revenue guidance was reportedly above Wall Street expectations, and JPMorgan, Stifel, Rosenblatt and Freedom Broker raised their price targets, with targets ranging from $330 to $370. Texas Instruments earnings call highlights
• Neutral Sentiment: Options activity increased: Traders purchased 19,194 TXN call options, approximately 7% above average daily call volume, indicating heightened interest but not necessarily a sustained change in fundamentals.
• Negative Sentiment: Strong results were not enough to overcome valuation concerns: With TXN trading at a high earnings multiple, investors may have expected an even stronger outlook. Analysts noted that share performance could continue to lag business results if expectations remain elevated. Texas Instruments valuation analysis
• Negative Sentiment: Analyst opinion remains divided: Mizuho lowered its price target to $290 and kept a neutral rating, while Wells Fargo also maintained a cautious stance. This signals that some investors view much of the recovery as already reflected in the stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. KeyCorp upped their price objective on Texas Instruments from $390.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Susquehanna reissued a "positive" rating on shares of Texas Instruments in a report on Thursday. Zacks Research downgraded Texas Instruments from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 21st. Wells Fargo & Company cut their target price on Texas Instruments from $310.00 to $300.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Rosenblatt Securities increased their price target on shares of Texas Instruments from $350.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $311.39.

Insider Buying and Selling

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the sale, the vice president owned 23,181 shares in the company, valued at approximately $6,134,388.03. This trade represents a 23.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

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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