Quest Partners LLC Makes New $226,000 Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Quest Partners LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,094 shares of the semiconductor company’s stock, valued at approximately $226,000.

A number of other institutional investors also recently modified their holdings of TXN. Tsfg LLC grew its stake in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Texas Instruments during the 3rd quarter worth $39,000. McClarren Financial Advisors Inc. acquired a new position in Texas Instruments in the 3rd quarter worth about $43,000. Friedenthal Financial acquired a new stake in shares of Texas Instruments during the second quarter valued at about $50,000. Finally, Baldwin Brothers LLC MA grew its holdings in shares of Texas Instruments by 121.3% during the second quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $200.95 on Wednesday. The stock has a 50-day moving average of $204.53 and a 200-day moving average of $200.71. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company has a market cap of $183.31 billion, a PE ratio of 37.35, a P/E/G ratio of 4.33 and a beta of 0.99.

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 return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the firm posted $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

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

Wall Street Analyst Weigh In

TXN has been the topic of several recent research reports. Truist Financial cut 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. Evercore ISI boosted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company initiated coverage on Texas Instruments in a research report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 target price for the company. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Finally, Susquehanna decreased their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $210.05.

Insider Activity

In other 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 value of $2,085,912.00. Following the completion of the sale, the director now 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated 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 directly owns 14,323 shares in the company, valued at $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.

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.