Anchor Investment Management LLC Acquires 2,378 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Anchor Investment Management LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 25.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,633 shares of the semiconductor company’s stock after purchasing an additional 2,378 shares during the quarter. Anchor Investment Management LLC’s holdings in Texas Instruments were worth $2,403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Invst LLC bought a new position in shares of Texas Instruments during the third quarter worth approximately $209,000. TCW Group Inc. increased its position in Texas Instruments by 26.6% during the 3rd quarter. TCW Group Inc. now owns 48,440 shares of the semiconductor company’s stock worth $10,006,000 after buying an additional 10,189 shares during the period. Soltis Investment Advisors LLC acquired a new stake in shares of Texas Instruments during the third quarter worth $292,000. Rehmann Capital Advisory Group boosted its position in shares of Texas Instruments by 5.2% in the third quarter. Rehmann Capital Advisory Group now owns 4,451 shares of the semiconductor company’s stock valued at $922,000 after acquiring an additional 221 shares during the period. Finally, TD Private Client Wealth LLC increased its position in Texas Instruments by 1.2% during the third quarter. TD Private Client Wealth LLC now owns 10,556 shares of the semiconductor company’s stock worth $2,181,000 after acquiring an additional 123 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred 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 transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.8 %

NASDAQ:TXN opened at $191.70 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm’s fifty day moving average is $202.55 and its 200-day moving average is $200.67. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The firm has a market cap of $174.87 billion, a P/E ratio of 35.63, a P/E/G ratio of 4.22 and a beta of 0.97.

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

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is 101.12%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TXN. Truist Financial decreased their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Susquehanna decreased their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $210.05.

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.