Empirical Finance LLC Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Empirical Finance LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,432 shares of the semiconductor company’s stock after buying an additional 663 shares during the period. Empirical Finance LLC’s holdings in Texas Instruments were worth $6,493,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TXN. Tsfg LLC lifted its holdings in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments in the third quarter valued at about $39,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at about $43,000. Friedenthal Financial acquired a new position in Texas Instruments during the 2nd quarter worth approximately $50,000. Finally, Baldwin Brothers LLC MA boosted its holdings in Texas Instruments by 121.3% in the 2nd quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 165 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN stock opened at $204.01 on Friday. The company has a market capitalization of $186.10 billion, a P/E ratio of 38.29, a PEG ratio of 4.50 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $150.81 and a 52-week high of $220.38. The company has a fifty day moving average price of $204.23 and a 200-day moving average price of $199.26. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

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

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. KeyCorp increased their price target on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Evercore ISI increased their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Jefferies Financial Group upped their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Barclays decreased their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $206.95.

Insider Buying and Selling

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This trade represents a 10.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by insiders.

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.