Texas Instruments Incorporated $TXN Stock Acquired by Bryn Mawr Trust Advisors LLC

Key Points

• Bryn Mawr Trust Advisors increased its Texas Instruments stake by 124.1% in the third quarter, ending the period with 11,064 shares valued at about $3.1 million. Institutional investors and hedge funds own roughly 85% of the company’s shares.
• Texas Instruments beat quarterly earnings and revenue estimates, reporting EPS of $2.62 and revenue of $6.05 billion; revenue rose 27.7% year over year. The company also raised its quarterly dividend from $1.42 to $1.52 per share.
• Analyst sentiment is broadly positive: the stock carries a “Moderate Buy” consensus rating and an average price target of $315.37. Company insiders, however, sold nearly 28,000 shares worth about $8.2 million over the past three months.

Bryn Mawr Trust Advisors LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 124.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,064 shares of the semiconductor company's stock after buying an additional 6,128 shares during the quarter. Bryn Mawr Trust Advisors LLC's holdings in Texas Instruments were worth $3,099,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Texas Instruments during the second quarter valued at approximately $24,607,313,000. Bank of New York Mellon Corp acquired a new position in Texas Instruments in the second quarter worth approximately $4,488,666,000. Bank of America Corp DE acquired a new position in Texas Instruments in the second quarter worth approximately $3,700,842,000. Primecap Management Co. CA bought a new position in shares of Texas Instruments in the second quarter valued at $2,538,063,000. Finally, Legal & General Group Plc bought a new position in shares of Texas Instruments in the second quarter valued at $1,918,277,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $295.73 on Tuesday. The stock has a market capitalization of $270.23 billion, a P/E ratio of 38.36, a P/E/G ratio of 1.54 and a beta of 1.39. The business has a 50-day moving average of $279.80 and a two-hundred day moving average of $261.92. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. 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 prior year, the firm posted $1.48 EPS. The firm's revenue for the quarter was up 27.7% on a year-over-year basis. On average, equities research analysts predict that Texas Instruments Incorporated will post 8.97 EPS for the current fiscal 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 yield of 2.1%. This is an increase from Texas Instruments's previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments's payout ratio is presently 78.86%.

Insider Buying and Selling at Texas Instruments

In related news, VP Tsedeniya Abraham sold 7,000 shares of the company's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the transaction, the vice president directly owned 23,181 shares in the company, valued at $6,134,388.03. This represents a 23.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Sanchez sold 6,065 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $302.21, for a total transaction of $1,832,903.65. Following the completion of the sale, the director directly owned 21,600 shares of the company's stock, valued at approximately $6,527,736. This trade represents a 21.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,968 shares of company stock valued at $8,236,892 in the last three months. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TXN. KeyCorp increased their price objective on Texas Instruments from $390.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $340.00 to $365.00 and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a research report on Thursday, October 22nd. Freedom Broker raised Texas Instruments from a "hold" rating to a "buy" rating and upped their target price for the company from $260.00 to $330.00 in a report on Thursday, October 22nd. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $250.00 target price on shares of Texas Instruments in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Texas Instruments currently has a consensus 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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