Creekside Partners Purchases 2,400 Shares of Texas Instruments Incorporated $TXN

Creekside Partners grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 122.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,362 shares of the semiconductor company’s stock after buying an additional 2,400 shares during the quarter. Creekside Partners’ holdings in Texas Instruments were worth $1,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kraft Davis & Associates LLC grew its holdings in shares of 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 in the last quarter. May Hill Capital LLC increased its position in shares of Texas Instruments by 3.7% during the third 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 last quarter. Aviance Capital Partners LLC lifted its holdings in Texas Instruments by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 3,754 shares of the semiconductor company’s stock worth $1,052,000 after acquiring an additional 36 shares during the period. International Assets Investment Management LLC lifted its holdings in Texas Instruments by 1.2% during the third quarter. International Assets Investment Management LLC now owns 2,947 shares of the semiconductor company’s stock worth $829,000 after acquiring an additional 36 shares during the period. Finally, HBW Advisory Services LLC lifted its holdings in Texas Instruments by 2.2% during the first quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock worth $336,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, Director Robert Sanchez sold 6,065 shares of the firm’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $302.21, for a total value of $1,832,903.65. Following the completion of the sale, the director directly owned 21,600 shares of the company’s stock, valued at $6,527,736. This trade represents a 21.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Pamela Patsley sold 4,532 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $301.56, for a total value of $1,366,669.92. Following the completion of the sale, the director owned 34,487 shares in the company, valued at approximately $10,399,899.72. The trade was a 11.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 27,968 shares of company stock valued at $8,236,892. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

TXN has been the topic of several research analyst reports. Citigroup reissued a “buy” rating on shares of Texas Instruments in a research report on Thursday, October 22nd. Sanford C. Bernstein raised their target price on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Barclays raised their target price on Texas Instruments from $250.00 to $280.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Evercore reiterated an “outperform” rating and set a $330.00 target price (up from $316.00) on shares of Texas Instruments in a research note on Thursday, July 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Texas Instruments from $360.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.37.

Texas Instruments Trading Up 6.6%

Shares of TXN stock opened at $295.73 on Tuesday. The company has a 50 day moving average of $279.80 and a 200-day moving average of $261.92. 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 Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03. The firm has a market cap of $270.23 billion, a P/E ratio of 38.36, a PEG ratio of 1.54 and a beta of 1.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. Texas Instruments’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 8.97 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 2.1%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments’s dividend 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.