SeaCrest Wealth Management LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 61.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,079 shares of the semiconductor company’s stock after selling 4,942 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Texas Instruments were worth $862,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in TXN. Portus Wealth Advisors LLC acquired a new stake in shares of Texas Instruments during the first quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in Texas Instruments during the 1st quarter valued at approximately $29,000. Kilter Group LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter worth approximately $31,000. Main Street Group LTD bought a new stake in shares of Texas Instruments in the 1st quarter worth $32,000. Finally, Nvwm LLC boosted its holdings in Texas Instruments by 550.0% during the third quarter. Nvwm LLC now owns 117 shares of the semiconductor company’s stock worth $33,000 after buying an additional 99 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, VP Tsedeniya Abraham sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the transaction, the vice president directly owned 23,181 shares in the company, valued at approximately $6,134,388.03. The trade was a 23.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.
Texas Instruments Trading Up 1.9%
TXN stock traded up $5.19 during midday trading on Friday, reaching $284.69. The company’s stock had a trading volume of 7,512,410 shares, compared to its average volume of 6,051,689. 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 $259.99 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 1.52 and a beta of 1.35. The company has a quick ratio of 3.44, a current ratio of 5.59 and a debt-to-equity ratio of 0.67. The business’s 50-day simple moving average is $271.98 and its 200-day simple moving average is $279.47.
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.40 by $0.22. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the company posted $1.48 EPS. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 8.69 EPS for the current year.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a yield of 2.1%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is 78.86%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on TXN shares. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Thursday. Susquehanna reiterated a “positive” rating on shares of Texas Instruments in a research note on Thursday. UBS Group cut their price objective on shares of Texas Instruments from $380.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday. Zacks Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Texas Instruments from $340.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $311.39.
Check Out Our Latest Research Report on Texas Instruments
Trending Headlines about Texas Instruments
Here are the key news stories impacting Texas Instruments this week:
- Positive Sentiment: Texas Instruments reported third-quarter revenue of approximately $6.06 billion, up 28% year over year, while EPS increased 77% to $2.62 and exceeded consensus expectations. Industrial, analog and data-center demand drove the results, with data-center revenue reportedly rising 95%. TXN Q3 Earnings Beat Estimates on Strong Analog, Data Center Demand
- Positive Sentiment: Management’s fourth-quarter revenue guidance, with a midpoint of about $6.05 billion, came in well above analyst expectations. Capacity expansion and broader cyclical recovery could support longer-term revenue, margins and cash flow. TXN Q3 Deep Dive: Industrial and Data Center Growth Drive Outlook Upgrade
- Positive Sentiment: Analyst sentiment strengthened: Zacks upgraded TXN to Rank #1, Freedom Broker raised its rating to Buy with a $330 target, and JPMorgan lifted its target to $365 while maintaining an Overweight rating. Texas Instruments Upgraded to Strong Buy
- Positive Sentiment: New chips for AI data centers—including power-monitoring, high-voltage distribution and timing components—give TXN additional exposure to data-center infrastructure growth. Texas Instruments Debuts Industry First Chips for AI Data Centers
- Neutral Sentiment: Unusual call-option activity and comparisons with Micron indicate bullish trading interest, although Micron was viewed as having stronger AI-driven growth and a lower valuation. Micron vs. Texas Instruments
- Negative Sentiment: TXN’s premium valuation remains a risk if the industrial recovery or AI infrastructure spending slows. Mizuho lowered its target to $290 and kept a Neutral rating, highlighting limited near-term upside. Mizuho Texas Instruments Rating
Texas Instruments Company 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.
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