IFG Advisors LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

IFG Advisors LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,018 shares of the semiconductor company’s stock, valued at approximately $210,000.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Westend Capital Management LLC bought a new position in shares of Texas Instruments in the first quarter worth approximately $31,000. Norwood Financial Corp bought a new stake in Texas Instruments in the first quarter valued at $32,000. Tsfg LLC increased its position in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the period. Tradewinds Capital Management LLC raised its holdings in Texas Instruments by 71.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 101 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of Texas Instruments during the 1st quarter valued at about $44,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.1 %

Shares of NASDAQ:TXN opened at $198.47 on Friday. The stock has a 50 day moving average of $203.30 and a 200 day moving average of $194.22. The company has a market cap of $180.70 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 4.54 and a beta of 0.98. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. During the same period last year, the firm earned $1.87 earnings per share. The business’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. Texas Instruments’s dividend payout ratio is presently 84.87%.

Analyst Upgrades and Downgrades

Several analysts have commented on TXN shares. KeyCorp raised their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Robert W. Baird lifted their price target on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Mizuho set a $200.00 price target on Texas Instruments in a research note on Friday. Jefferies Financial Group boosted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $207.15.

Insider Buying and Selling

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock worth $3,255,323. Insiders own 0.68% of the company’s stock.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.