Texas Instruments Incorporated $TXN Stock Bought by Kestra Investment Management LLC

Kestra Investment Management LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 151.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,395 shares of the semiconductor company's stock after purchasing an additional 6,858 shares during the quarter. Kestra Investment Management LLC's holdings in Texas Instruments were worth $3,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TXN. AlphaCore Capital LLC boosted its stake in shares of Texas Instruments by 315.8% during the third quarter. AlphaCore Capital LLC now owns 41,955 shares of the semiconductor company's stock valued at $11,751,000 after purchasing an additional 31,864 shares during the period. Retirement Systems of Alabama raised its stake in Texas Instruments by 33.1% in the third quarter. Retirement Systems of Alabama now owns 453,937 shares of the semiconductor company's stock worth $127,143,000 after buying an additional 112,941 shares in the last quarter. Fulcrum Asset Management LLP lifted its holdings in Texas Instruments by 3.1% in the third quarter. Fulcrum Asset Management LLP now owns 6,153 shares of the semiconductor company's stock worth $1,733,000 after buying an additional 186 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Texas Instruments by 3.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 266,088 shares of the semiconductor company's stock valued at $74,853,000 after purchasing an additional 7,646 shares during the period. Finally, Burton Enright Welch grew its position in shares of Texas Instruments by 274.8% in the 3rd quarter. Burton Enright Welch now owns 4,599 shares of the semiconductor company's stock worth $1,288,000 after buying an additional 3,372 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Up 6.6%

Shares of Texas Instruments stock opened at $295.73 on Tuesday. The company has a 50-day simple moving average of $279.80 and a two-hundred day simple moving average of $261.92. The stock has a market capitalization of $270.23 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59.

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

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be paid a dividend of $1.52 per share. The ex-dividend date is Friday, October 30th. This represents a $6.08 annualized dividend and a yield of 2.1%. This is a positive change from Texas Instruments's previous quarterly dividend of $1.42. Texas Instruments's dividend payout ratio (DPR) is 78.86%.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of analyst reports. Weiss Ratings raised shares of Texas Instruments from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, November 4th. Jefferies Financial Group boosted their price target on Texas Instruments from $260.00 to $300.00 and gave the stock a "hold" rating in a research report on Thursday, October 22nd. UBS Group cut their price target on Texas Instruments from $380.00 to $360.00 and set a "buy" rating on the stock in a research note on Thursday, October 22nd. Zacks Research upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 22nd. Finally, TD Cowen dropped their target price on Texas Instruments from $340.00 to $330.00 and set a "buy" rating on the stock in a report on Monday, October 19th. 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 issued a Sell rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Moderate Buy" and an average price target of $315.37.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Pamela Patsley sold 4,532 shares of Texas Instruments stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $301.56, for a total value of $1,366,669.92. Following the completion of the sale, the director owned 34,487 shares of the company's stock, valued at approximately $10,399,899.72. This trade represents a 11.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Sanchez sold 6,065 shares of Texas Instruments stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $302.21, for a total value 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. The trade was a 21.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 27,968 shares of company stock worth $8,236,892. Insiders own 0.60% of the company's stock.

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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