Grimes & Company Inc. Has $4.59 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Grimes & Company Inc. lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,196 shares of the semiconductor company’s stock after acquiring an additional 130 shares during the quarter. Grimes & Company Inc.’s holdings in Texas Instruments were worth $4,585,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV boosted its stake in Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. lifted its position in shares of Texas Instruments by 1.1% during the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 54 shares during the period. Prentice Wealth Management LLC lifted its position in shares of Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after acquiring an additional 55 shares during the period. Pure Financial Advisors LLC lifted its position in shares of Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after acquiring an additional 55 shares during the period. Finally, Bell Investment Advisors Inc lifted its position in shares of Texas Instruments by 14.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 55 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 0.4 %

Shares of NASDAQ TXN traded up $0.87 during midday trading on Thursday, reaching $202.61. The company had a trading volume of 206,303 shares, compared to its average volume of 5,455,787. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The firm’s fifty day moving average price is $203.43 and its 200-day moving average price is $194.99. The stock has a market cap of $184.99 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced 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 during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.80 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.68%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is presently 96.65%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday. KeyCorp upped their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Barclays decreased their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Mizuho set a $200.00 price target on Texas Instruments in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $206.95.

Insider Buying and Selling

In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was 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 $5,037,237.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 in the last 90 days. Insiders own 0.68% of the company’s stock.

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.