Texas Instruments Incorporated $TXN Stock: Trek Financial LLC Trims Holdings

Key Points

• Trek Financial LLC reduced its Texas Instruments stake by 45% in the third quarter, selling 7,750 shares and retaining 9,459 shares valued at approximately $2.65 million. Institutional investors and hedge funds still own 84.99% of TXN.
• Texas Instruments insiders sold 27,968 shares worth about $8.24 million over the past 90 days. Director Ronald Kirk and VP Tsedeniya Abraham both reduced their holdings in disclosed transactions.
• The company reported stronger-than-expected quarterly results, with $2.62 in EPS and $6.05 billion in revenue, while revenue grew 27.7% year over year. Analysts maintain a consensus “Moderate Buy” rating with a $315.37 price target, and Texas Instruments raised its quarterly dividend to $1.52 per share.

Trek Financial LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 45.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,459 shares of the semiconductor company's stock after selling 7,750 shares during the quarter. Trek Financial LLC's holdings in Texas Instruments were worth $2,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Kraft Davis & Associates LLC boosted its position in Texas Instruments by 4.4% in the third quarter. Kraft Davis & Associates LLC now owns 827 shares of the semiconductor company's stock valued at $230,000 after buying an additional 35 shares in the last quarter. Aviance Capital Partners LLC increased its holdings in shares of Texas Instruments by 1.0% during the third 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. HBW Advisory Services LLC increased its holdings in shares of Texas Instruments by 2.2% during the first quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company's stock worth $336,000 after buying an additional 37 shares in the last quarter. Montz Harcus Wealth Management LLC increased its holdings in shares of Texas Instruments by 2.9% during the first quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company's stock worth $260,000 after buying an additional 38 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Texas Instruments by 0.6% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company's stock valued at $1,157,000 after acquiring an additional 38 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 6,065 shares of Texas Instruments stock in a transaction dated 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 transaction, the director directly owned 15,462 shares of the company's stock, valued at approximately $4,799,250.18. The trade was a 28.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Tsedeniya Abraham sold 7,000 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were 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 $6,134,388.03. This trade represents a 23.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,968 shares of company stock worth $8,236,892 over the last 90 days. Company insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group cut their price objective on Texas Instruments from $380.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, October 22nd. Sanford C. Bernstein upped their target price on Texas Instruments from $250.00 to $290.00 and gave the stock a "market perform" rating in a report on Thursday, July 23rd. TD Cowen dropped their target price on Texas Instruments from $340.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, October 19th. Zacks Research raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 22nd. Finally, Robert W. Baird boosted their price target on Texas Instruments from $300.00 to $385.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Texas Instruments currently has an average rating of "Moderate Buy" and a consensus price target of $315.37.

Texas Instruments Price Performance

TXN stock opened at $302.02 on Tuesday. The company has a fifty day moving average price of $276.41 and a 200-day moving average price of $259.33. The company has a market capitalization of $275.98 billion, a P/E ratio of 39.17, a PEG ratio of 1.54 and a beta of 1.35. 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 issued its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. Texas Instruments's revenue was up 27.7% compared to the same quarter last year. As a group, equities analysts expect that Texas Instruments Incorporated will post 8.89 EPS for the current 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. The ex-dividend date of this dividend is Friday, October 30th. This represents a $6.08 annualized dividend and a yield of 2.0%. This is an increase from Texas Instruments's previous quarterly dividend of $1.42. Texas Instruments's dividend payout ratio is 73.67%.

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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