Baltimore Washington Financial Advisors Inc. Has $14.05 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Baltimore Washington Financial Advisors Inc. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% during the third quarter, Holdings Channel reports. The institutional investor owned 68,015 shares of the semiconductor company’s stock after selling 912 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Texas Instruments were worth $14,050,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TXN. Waverly Advisors LLC raised its stake in shares of Texas Instruments by 79.5% in the first quarter. Waverly Advisors LLC now owns 9,111 shares of the semiconductor company’s stock worth $1,587,000 after purchasing an additional 4,035 shares during the last quarter. IronBridge Private Wealth LLC raised its stake in shares of Texas Instruments by 0.5% in the first quarter. IronBridge Private Wealth LLC now owns 17,262 shares of the semiconductor company’s stock worth $3,007,000 after purchasing an additional 83 shares during the last quarter. Whalerock Point Partners LLC raised its stake in shares of Texas Instruments by 5.3% in the first quarter. Whalerock Point Partners LLC now owns 6,804 shares of the semiconductor company’s stock worth $1,185,000 after purchasing an additional 345 shares during the last quarter. Dynasty Wealth Management LLC purchased a new stake in shares of Texas Instruments in the first quarter worth approximately $1,500,000. Finally, Vancity Investment Management Ltd raised its stake in shares of Texas Instruments by 73.2% in the first quarter. Vancity Investment Management Ltd now owns 121,340 shares of the semiconductor company’s stock worth $21,138,000 after purchasing an additional 51,297 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXN has been the subject of several analyst reports. Morgan Stanley increased their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Barclays reduced their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $210.05.

Insiders Place Their Bets

In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on 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 directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,968 shares of company stock worth $3,126,464 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Down 0.1 %

NASDAQ:TXN opened at $198.00 on Friday. The company has a market cap of $180.62 billion, a P/E ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. The stock’s fifty day moving average price is $204.45 and its two-hundred day moving average price is $200.38. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

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

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 101.12%.

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.