Turtle Creek Wealth Advisors LLC Raises Stake in Texas Instruments Incorporated $TXN

Turtle Creek Wealth Advisors LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 15.5% in the third quarter, HoldingsChannel.com reports. The firm owned 38,386 shares of the semiconductor company’s stock after purchasing an additional 5,164 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Texas Instruments were worth $7,053,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nordwand Advisors LLC purchased a new position in shares of Texas Instruments during the 3rd quarter valued at $294,000. Signature Wealth Management Group raised its holdings in Texas Instruments by 0.5% during the third quarter. Signature Wealth Management Group now owns 19,143 shares of the semiconductor company’s stock valued at $3,517,000 after acquiring an additional 96 shares during the period. Tradewinds LLC. purchased a new position in shares of Texas Instruments in the third quarter valued at about $222,000. HHM Wealth Advisors LLC boosted its stake in shares of Texas Instruments by 5.4% in the third quarter. HHM Wealth Advisors LLC now owns 1,655 shares of the semiconductor company’s stock worth $304,000 after acquiring an additional 85 shares during the period. Finally, Allstate Corp boosted its stake in shares of Texas Instruments by 3,003.9% in the third quarter. Allstate Corp now owns 31,784 shares of the semiconductor company’s stock worth $5,840,000 after acquiring an additional 30,760 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Up 1.3%

NASDAQ TXN opened at $191.58 on Tuesday. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The firm has a market capitalization of $174.07 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 3.09 and a beta of 1.00. The company has a fifty day moving average of $175.26 and a two-hundred day moving average of $183.24.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 earnings per share for the quarter, meeting the consensus estimate of $1.48. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.65 billion. Texas Instruments had a net margin of 29.21% and a return on equity of 30.41%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.0%. Texas Instruments’s dividend payout ratio is currently 103.84%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 9,990 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.33, for a total value of $1,621,676.70. Following the transaction, the director owned 14,937 shares of the company’s stock, valued at $2,424,723.21. This represents a 40.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christine Witzsche sold 1,000 shares of Texas Instruments stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total value of $164,310.00. Following the sale, the vice president owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. This trade represents a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $190.00 price target on shares of Texas Instruments in a report on Tuesday, December 16th. TD Cowen reduced their price objective on shares of Texas Instruments from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Rosenblatt Securities dropped their target price on shares of Texas Instruments from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Mizuho set a $145.00 price target on shares of Texas Instruments in a report on Wednesday, October 22nd. Finally, Cowen reissued a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $194.22.

Texas Instruments Company Profile

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.