Kestra Investment Management LLC Buys 6,858 Shares of Texas Instruments Incorporated $TXN

Kestra Investment Management LLC grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 151.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,395 shares of the semiconductor company’s stock after buying 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 and Exchange Commission (SEC).

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

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 6,065 shares of Texas Instruments stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $302.21, for a total value of $1,832,903.65. Following the completion of the transaction, the director directly owned 21,600 shares of the company’s stock, valued at $6,527,736. This trade represents a 21.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Pamela H. Patsley sold 4,532 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $301.56, for a total transaction of $1,366,669.92. Following the completion of the sale, the director owned 34,487 shares in the company, valued at approximately $10,399,899.72. This trade represents a 11.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,968 shares of company stock worth $8,236,892 over the last three months. 0.60% of the stock is owned by company insiders.

Texas Instruments Stock Up 6.6%

Shares of TXN stock opened at $295.73 on Tuesday. The company’s fifty day simple moving average is $279.80 and its two-hundred day simple moving average is $261.92. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The stock has a market cap of $270.23 billion, a P/E ratio of 38.36, a PEG ratio of 1.54 and a beta of 1.39. The company has a quick ratio of 4.05, a current ratio of 5.59 and a debt-to-equity ratio of 0.67.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share 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 firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the business posted $1.48 earnings per share. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 8.97 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a yield of 2.1%. Texas Instruments’s dividend payout ratio is currently 78.86%.

Analyst Ratings Changes

Several brokerages recently issued reports on TXN. Weiss Ratings upgraded shares of Texas Instruments from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, November 4th. Mizuho decreased their price target on shares of Texas Instruments from $305.00 to $290.00 and set a “neutral” rating on the stock in a research report on Thursday, October 22nd. TD Cowen dropped their price target on shares of Texas Instruments from $340.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Morgan Stanley boosted their price objective on shares of Texas Instruments from $255.00 to $278.00 and gave the company an “underweight” rating in a research report on Thursday, October 22nd. Finally, Citigroup restated a “buy” rating on shares of Texas Instruments in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $315.37.

About Texas Instruments

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.