Mayflower Financial Advisors LLC Purchases 83 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mayflower Financial Advisors LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,469 shares of the semiconductor company’s stock after acquiring an additional 83 shares during the period. Mayflower Financial Advisors LLC’s holdings in Texas Instruments were worth $1,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Texas Instruments by 4.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after buying an additional 9,608 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Texas Instruments by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock valued at $33,909,000 after acquiring an additional 65,512 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after acquiring an additional 1,029,741 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Texas Instruments by 106.4% during the second quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company’s stock worth $2,526,000 after purchasing an additional 6,696 shares in the last quarter. Finally, Philip James Wealth Mangement LLC grew its stake in shares of Texas Instruments by 335.5% during the third quarter. Philip James Wealth Mangement LLC now owns 5,200 shares of the semiconductor company’s stock valued at $1,074,000 after purchasing an additional 4,006 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Up 1.3 %

Shares of Texas Instruments stock opened at $220.29 on Friday. The company has a market capitalization of $200.95 billion, a P/E ratio of 40.95, a price-to-earnings-growth ratio of 4.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The business has a 50-day moving average of $203.95 and a two-hundred day moving average of $198.28. Texas Instruments Incorporated has a 1 year low of $143.08 and a 1 year high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the business earned $1.80 EPS. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TXN. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Bank of America cut their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $206.95.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. The trade was 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 the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,548 shares of company stock valued at $5,341,235. Company insiders own 0.68% of the company’s stock.

About Texas Instruments

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.