Circle Wealth Management LLC Lowers Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Circle Wealth Management LLC lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,827 shares of the semiconductor company’s stock after selling 293 shares during the period. Circle Wealth Management LLC’s holdings in Texas Instruments were worth $997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after purchasing an additional 782,053 shares during the last quarter. International Assets Investment Management LLC raised its stake in Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after acquiring an additional 609,905 shares in the last quarter. National Bank of Canada FI raised its stake in Texas Instruments by 234.1% during the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock worth $144,423,000 after acquiring an additional 520,073 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in Texas Instruments by 37.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company’s stock worth $324,259,000 after acquiring an additional 451,862 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TXN shares. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, October 18th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Morgan Stanley lifted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Stock Performance

Shares of TXN opened at $201.03 on Friday. The company’s 50 day moving average price is $204.29 and its 200 day moving average price is $200.78. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. The company has a market capitalization of $183.38 billion, a PE ratio of 37.37, a PEG ratio of 4.36 and a beta of 0.99. 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 announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $1.80 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. Research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.71%. Texas Instruments’s payout ratio is 101.12%.

Insider Buying and Selling at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

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.