West Branch Capital LLC Has $84,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

West Branch Capital LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 34.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 406 shares of the semiconductor company’s stock after purchasing an additional 105 shares during the quarter. West Branch Capital LLC’s holdings in Texas Instruments were worth $84,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norwood Financial Corp bought a new stake in shares of Texas Instruments in the first quarter valued at about $32,000. Tsfg LLC increased its holdings in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the period. Tradewinds Capital Management LLC lifted its holdings in shares of Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 101 shares during the period. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Texas Instruments during the 1st quarter valued at about $44,000. Finally, Friedenthal Financial bought a new stake in Texas Instruments in the second quarter valued at about $50,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on TXN shares. Stifel Nicolaus raised their target price on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Evercore ISI boosted their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Barclays increased their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group upped their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $207.15.

Texas Instruments Trading Up 0.1 %

TXN stock traded up $0.17 during mid-day trading on Friday, reaching $198.47. The company’s stock had a trading volume of 4,029,545 shares, compared to its average volume of 5,446,918. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The business’s 50 day moving average price is $203.30 and its 200 day moving average price is $194.39. The company has a market cap of $180.70 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 4.54 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the business earned $1.87 EPS. The company’s quarterly revenue was down 15.6% on a year-over-year basis. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders 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 is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments’s payout ratio is presently 84.87%.

Insider Activity

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