1,860 Texas Instruments Incorporated $TXN Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% in the third quarter, Holdings Channel reports. The firm owned 174,862 shares of the semiconductor company’s stock after selling 1,860 shares during the period. Miller Howard Investments Inc. NY’s holdings in Texas Instruments were worth $48,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. B.O.S.S. Retirement Advisors LLC grew its position in shares of Texas Instruments by 30.4% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 1,313 shares of the semiconductor company’s stock worth $368,000 after buying an additional 306 shares in the last quarter. Leo Wealth LLC bought a new stake in shares of Texas Instruments in the third quarter valued at about $827,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Texas Instruments by 0.7% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,580 shares of the semiconductor company’s stock valued at $1,843,000 after acquiring an additional 44 shares in the last quarter. Slow Capital Inc. lifted its stake in Texas Instruments by 110.2% in the third quarter. Slow Capital Inc. now owns 20,264 shares of the semiconductor company’s stock worth $5,676,000 after acquiring an additional 10,624 shares during the period. Finally, Paladin Wealth LLC grew its holdings in Texas Instruments by 43.6% during the 3rd quarter. Paladin Wealth LLC now owns 1,272 shares of the semiconductor company’s stock worth $356,000 after acquiring an additional 386 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

More Texas Instruments News

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Texas Instruments reported a strong quarter, with earnings per share of $2.62 exceeding the $2.40 consensus estimate and revenue of $6.06 billion surpassing expectations. Revenue increased 27.7% year over year, suggesting a rebound in chip demand and supporting the bullish outlook. Texas Instruments Posts Strong Quarter as Chip Demand Rebounds
• Positive Sentiment: Freedom Broker upgraded Texas Instruments from Hold to Buy, adding to the positive analyst sentiment following the company’s earnings performance. Freedom Broker Upgrades Texas Instruments to Buy
• Positive Sentiment: Technical and market commentary indicates TXN is approaching record highs after earnings, reflecting investor confidence in the recovery and forward growth prospects. Texas Instruments Price Forecast
• Neutral Sentiment: The company priced $2.0 billion of senior unsecured notes, split across maturities from 2028 through 2036 with coupons ranging from 5.000% to 5.750%. The financing may support capital investments and general corporate purposes, but it also increases interest expense and leverage. Texas Instruments Prices $2.0 Billion of Investment Grade Notes
• Neutral Sentiment: International revenue trends remain an important factor for forecasts, with overseas demand and currency or regional conditions capable of influencing future results. Texas Instruments International Revenue Trends
• Negative Sentiment: Texas Instruments’ 23rd consecutive annual dividend increase supports its income-investor appeal, but scrutiny over cash flow and the use of debt to help fund shareholder returns could limit enthusiasm. Texas Instruments Dividend Increase

Texas Instruments Price Performance

TXN opened at $298.12 on Tuesday. The firm has a market capitalization of $272.26 billion, a PE ratio of 38.67, a price-to-earnings-growth ratio of 1.43 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05. The business’s 50-day moving average is $272.40 and its two-hundred day moving average is $255.84. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.40 by $0.22. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.94 billion. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 8.79 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid a dividend of $1.52 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, October 30th. This represents a $6.08 annualized dividend and a dividend yield of 2.0%. Texas Instruments’s dividend payout ratio (DPR) is presently 78.86%.

Insider Activity at Texas Instruments

In related news, VP Tsedeniya Abraham sold 7,000 shares of the business’s stock in a transaction that occurred 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 owned 23,181 shares in the company, valued at $6,134,388.03. The trade was a 23.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TXN shares. Freedom Broker upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and boosted their price target for the company from $260.00 to $330.00 in a report on Thursday, October 22nd. Benchmark increased their price objective on shares of Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $340.00 to $365.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Mizuho lowered their target price on Texas Instruments from $305.00 to $290.00 and set a “neutral” rating for the company in a report on Thursday, October 22nd. Finally, Wall Street Zen upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $315.90.

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.