Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,625 shares of the semiconductor company’s stock after selling 265 shares during the quarter. Freedom Investment Management Inc.’s holdings in Texas Instruments were worth $1,782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the third quarter worth approximately $28,000. Tsfg LLC increased its stake in Texas Instruments by 82.0% in the third 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. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments during the third quarter worth about $39,000. McClarren Financial Advisors Inc. purchased a new position in shares of Texas Instruments during the third quarter worth about $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in Texas Instruments during the 3rd quarter valued at approximately $45,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXN has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on Texas Instruments in a report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 price target for the company. Bank of America lowered their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $210.05.

Texas Instruments Trading Down 0.9 %

Shares of TXN opened at $199.19 on Thursday. The firm has a market capitalization of $181.71 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock’s fifty day simple moving average is $204.50 and its 200 day simple moving average is $200.70. Texas Instruments Incorporated has a twelve month low of $151.27 and a twelve month high of $220.38.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.73%. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Company 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.