Diversified Trust Co Buys 1,949 Shares of Texas Instruments Incorporated $TXN

Diversified Trust Co boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,948 shares of the semiconductor company’s stock after buying an additional 1,949 shares during the quarter. Diversified Trust Co’s holdings in Texas Instruments were worth $5,587,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kraft Davis & Associates LLC boosted its stake 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 acquiring an additional 35 shares during the last quarter. May Hill Capital LLC grew its position in shares of Texas Instruments by 3.7% during the 3rd quarter. May Hill Capital LLC now owns 990 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 35 shares during the period. Aviance Capital Partners LLC increased its stake in shares of Texas Instruments by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 3,754 shares of the semiconductor company’s stock worth $1,052,000 after purchasing an additional 36 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Texas Instruments by 1.2% during the 3rd quarter. International Assets Investment Management LLC now owns 2,947 shares of the semiconductor company’s stock worth $829,000 after purchasing an additional 36 shares during the last quarter. Finally, Moody National Bank Trust Division increased its stake in shares of Texas Instruments by 0.6% during the 3rd quarter. Moody National Bank Trust Division now owns 6,063 shares of the semiconductor company’s stock worth $1,698,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TXN shares. Wells Fargo & Company reduced their price objective on Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating for the company in a report on Tuesday, October 20th. The Goldman Sachs Group reissued a “sell” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Thursday, October 22nd. UBS Group lowered their target price 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. Benchmark upped their price target on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus upped their price target on Texas Instruments from $360.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.37.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet Clark sold 4,306 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $302.46, for a total value of $1,302,392.76. Following the sale, the director directly owned 11,341 shares in the company, valued at $3,430,198.86. This represents a 27.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Sanchez sold 6,065 shares of the firm’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $302.21, for a total transaction 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 approximately $6,527,736. The trade was a 21.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,726 shares of company stock worth $10,942,413 in the last ninety days. Insiders own 0.60% of the company’s stock.

Texas Instruments Stock Down 2.8%

TXN stock opened at $303.60 on Friday. The stock has a 50-day simple moving average of $283.87 and a two-hundred day simple moving average of $264.14. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The firm has a market capitalization of $277.42 billion, a PE ratio of 39.38, a PEG ratio of 1.53 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 announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (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 firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 8.99 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Friday, October 30th were issued 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 of this dividend was Friday, October 30th. This represents a $6.08 dividend on an annualized basis and a yield of 2.0%. Texas Instruments’s payout ratio is currently 78.86%.

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.