Provenance Wealth Advisors LLC Buys 11,201 Shares of Texas Instruments Incorporated $TXN

Provenance Wealth Advisors LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 48,700.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,224 shares of the semiconductor company’s stock after purchasing an additional 11,201 shares during the period. Provenance Wealth Advisors LLC’s holdings in Texas Instruments were worth $3,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Ackerman Capital Advisors LLC purchased a new position in shares of Texas Instruments in the third quarter valued at approximately $448,000. RFG Holdings Inc. increased its position in shares of Texas Instruments by 55.3% during the third quarter. RFG Holdings Inc. now owns 1,583 shares of the semiconductor company’s stock worth $443,000 after purchasing an additional 564 shares in the last quarter. Hughes Financial Services LLC increased its position in shares of Texas Instruments by 12.6% during the third quarter. Hughes Financial Services LLC now owns 412 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 46 shares in the last quarter. Lyell Wealth Management LP increased its position in shares of Texas Instruments by 1.3% during the third quarter. Lyell Wealth Management LP now owns 3,151 shares of the semiconductor company’s stock worth $883,000 after purchasing an additional 40 shares in the last quarter. Finally, Associated Banc Corp acquired a new position in Texas Instruments in the 3rd quarter valued at $11,376,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 6,065 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $310.39, for a total transaction of $1,882,515.35. Following the transaction, the director owned 15,462 shares of the company’s stock, valued at approximately $4,799,250.18. The trade was a 28.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the sale, the vice president directly owned 23,181 shares of the company’s stock, valued at $6,134,388.03. This represents a 23.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 27,968 shares of company stock worth $8,236,892. 0.60% of the stock is currently owned by company insiders.

Texas Instruments Price Performance

TXN stock opened at $312.48 on Wednesday. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05. The firm has a market capitalization of $285.53 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The business has a 50 day simple moving average of $277.49 and a 200-day simple moving average of $259.93.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the business posted $1.48 earnings per share. The firm’s revenue was up 27.7% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 8.89 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be paid a $1.52 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, October 30th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 1.9%. Texas Instruments’s dividend payout ratio is 78.86%.

Analyst Ratings Changes

A number of research analysts have weighed in on TXN shares. Truist Financial set a $305.00 price objective on Texas Instruments in a report on Thursday, October 22nd. UBS Group dropped their target price on shares of Texas Instruments from $380.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Susquehanna reiterated a “positive” rating on shares of Texas Instruments in a research report on Thursday, October 22nd. The Goldman Sachs Group reiterated a “sell” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Thursday, October 22nd. Finally, DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $300.00 price target on the stock in a research note on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.37.

Texas Instruments Profile

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.