M Holdings Securities Inc. Makes New $1.43 Million Investment in Texas Instruments Incorporated $TXN

Key Points

• M Holdings Securities initiated a $1.43 million position in Texas Instruments, buying 4,931 shares in the third quarter; institutional investors collectively own about 85% of the stock.
• Texas Instruments beat quarterly estimates, reporting EPS of $2.62 and revenue of $6.05 billion, up 27.7% year over year. It also raised its quarterly dividend from $1.42 to $1.52 per share.
• Company directors sold shares recently: insiders sold 27,968 shares worth about $8.24 million over three months. Analysts’ average price target is $315.37, with a “Moderate Buy” consensus rating.

M Holdings Securities Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,931 shares of the semiconductor company's stock, valued at approximately $1,429,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new stake in shares of Texas Instruments during the third quarter valued at about $28,000. Scarborough Advisors LLC bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $29,000. Creative Capital Management Investments LLC grew its position in shares of Texas Instruments by 167.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 107 shares of the semiconductor company's stock worth $30,000 after buying an additional 67 shares during the last quarter. Kilter Group LLC purchased a new position in shares of Texas Instruments in the 2nd quarter worth approximately $31,000. Finally, Main Street Group LTD purchased a new position in shares of Texas Instruments in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Transactions at Texas Instruments

In related news, Director Pamela Patsley sold 4,532 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $301.56, for a total value of $1,366,669.92. Following the transaction, the director directly owned 34,487 shares of the company's stock, valued at $10,399,899.72. This trade represents a 11.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald Kirk sold 6,065 shares of Texas Instruments stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $310.39, for a total transaction of $1,882,515.35. Following the sale, the director owned 15,462 shares in the company, valued at $4,799,250.18. This represents a 28.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,968 shares of company stock worth $8,236,892. Insiders own 0.60% of the company's stock.

Texas Instruments Stock Up 6.6%

Shares of TXN opened at $295.73 on Tuesday. The company's 50-day moving average price is $279.80 and its 200 day moving average price is $261.92. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03. The company has a current ratio of 5.59, a quick ratio of 4.05 and a debt-to-equity ratio of 0.67. The firm has a market cap of $270.23 billion, a P/E ratio of 38.36, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, topping 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 company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the firm posted $1.48 earnings per share. Texas Instruments's revenue was up 27.7% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 8.97 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be issued a $1.52 dividend. This represents a $6.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date 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 (DPR) is currently 78.86%.

Analyst Ratings Changes

Several research analysts recently commented on TXN shares. Truist Financial set a $305.00 price objective on shares of Texas Instruments in a research note on Thursday, October 22nd. Susquehanna restated a "positive" rating on shares of Texas Instruments in a research note on Thursday, October 22nd. Benchmark lifted their price target on shares of Texas Instruments from $315.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price target 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, Barclays upped their price target on Texas Instruments from $250.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 22nd. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $315.37.

Texas Instruments Profile

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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