Texas Instruments Incorporated $TXN Stock Purchased by Kinsale Capital Group Inc.

Key Points

• Kinsale Capital increased its Texas Instruments position 14.4% in the third quarter, adding 9,834 shares to hold 78,139 shares valued at $21.9 million.
• Texas Instruments beat quarterly earnings and revenue estimates, reporting $2.62 per share and $6.05 billion in revenue; revenue rose 27.7% year over year.
• The company raised its quarterly dividend from $1.42 to $1.52 per share, equivalent to $6.08 annually and a 2.1% yield. Meanwhile, insiders sold nearly 28,000 shares over the past 90 days.

Kinsale Capital Group Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,139 shares of the semiconductor company's stock after purchasing an additional 9,834 shares during the period. Texas Instruments accounts for 2.9% of Kinsale Capital Group Inc.'s portfolio, making the stock its 5th largest holding. Kinsale Capital Group Inc.'s holdings in Texas Instruments were worth $21,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kraft Davis & Associates LLC boosted its holdings in Texas Instruments by 4.4% in the 3rd quarter. Kraft Davis & Associates LLC now owns 827 shares of the semiconductor company's stock worth $230,000 after buying an additional 35 shares during the period. May Hill Capital LLC increased its stake in Texas Instruments by 3.7% in the 3rd quarter. May Hill Capital LLC now owns 990 shares of the semiconductor company's stock worth $277,000 after buying an additional 35 shares in the last quarter. Aviance Capital Partners LLC increased its stake in Texas Instruments by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 3,754 shares of the semiconductor company's stock worth $1,052,000 after buying an additional 36 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Texas Instruments by 1.2% during the third quarter. International Assets Investment Management LLC now owns 2,947 shares of the semiconductor company's stock valued at $829,000 after acquiring an additional 36 shares during the period. Finally, HBW Advisory Services LLC raised its holdings in Texas Instruments by 2.2% during the first quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company's stock valued at $336,000 after acquiring an additional 37 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 6,065 shares of the business's stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $310.39, for a total value of $1,882,515.35. Following the sale, the director directly owned 15,462 shares in the company, valued at approximately $4,799,250.18. The trade was a 28.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Sanchez sold 6,065 shares of the business's stock in a transaction dated 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 owned 21,600 shares in the company, valued at $6,527,736. This represents a 21.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 27,968 shares of company stock valued at $8,236,892. 0.60% of the stock is owned by insiders.

Texas Instruments Stock Performance

TXN opened at $295.73 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59. The stock has a market capitalization of $270.23 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 1.54 and a beta of 1.39. The company has a fifty day moving average of $279.80 and a 200 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.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS 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 business had revenue of $6.05 billion for the quarter, compared to analysts' expectations of $5.94 billion. During the same quarter in the previous year, the company earned $1.48 EPS. The business's quarterly revenue was up 27.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 8.97 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company 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%. This is a positive change 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TXN shares. Cantor Fitzgerald restated a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, October 20th. 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 report on Tuesday, October 20th. Stifel Nicolaus lifted their target price on Texas Instruments from $360.00 to $370.00 and gave the company a "buy" rating in a research note on Thursday, October 22nd. Wall Street Zen raised Texas Instruments from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. Finally, JPMorgan Chase & Co. boosted their price target on Texas Instruments from $340.00 to $365.00 and gave the stock an "overweight" rating 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 issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently 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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