Texas Instruments Incorporated $TXN Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 44.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,486 shares of the semiconductor company’s stock after selling 1,965 shares during the quarter. Kelleher Financial Advisors’ holdings in Texas Instruments were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. 3Chopt Investment Partners LLC increased its position in Texas Instruments by 16.4% in the third quarter. 3Chopt Investment Partners LLC now owns 4,785 shares of the semiconductor company’s stock worth $1,340,000 after buying an additional 675 shares during the period. Rakuten Investment Management Inc. boosted its holdings in shares of Texas Instruments by 11.8% during the third quarter. Rakuten Investment Management Inc. now owns 294,859 shares of the semiconductor company’s stock valued at $83,059,000 after acquiring an additional 31,122 shares during the period. AIA Group Ltd boosted its holdings in shares of Texas Instruments by 17.0% during the third quarter. AIA Group Ltd now owns 267,691 shares of the semiconductor company’s stock valued at $74,978,000 after acquiring an additional 38,843 shares during the period. Third View Private Wealth LLC grew its position in shares of Texas Instruments by 1.1% during the third quarter. Third View Private Wealth LLC now owns 17,260 shares of the semiconductor company’s stock worth $4,834,000 after acquiring an additional 195 shares during the last quarter. Finally, Provenance Wealth Advisors LLC grew its position in shares of Texas Instruments by 48,700.0% during the third quarter. Provenance Wealth Advisors LLC now owns 11,224 shares of the semiconductor company’s stock worth $3,144,000 after acquiring an additional 11,201 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other news, VP Tsedeniya Abraham sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the transaction, the vice president directly owned 23,181 shares in the company, valued at $6,134,388.03. This trade represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald Kirk sold 6,065 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director owned 15,462 shares of the company’s stock, valued at $4,799,250.18. This trade represents a 28.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,968 shares of company stock worth $8,236,892 in the last three months. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a report on Tuesday, October 20th. The Goldman Sachs Group reissued a “sell” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Thursday, October 22nd. Sanford C. Bernstein upped their target price on shares of Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research report on Thursday, July 23rd. Weiss Ratings lowered shares of Texas Instruments from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Finally, Wall Street Zen upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $315.37.

Trending Headlines about Texas Instruments

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Tesla plans to scale Optimus production, and Texas Instruments could supply analog chips used in each robot. The article estimates the opportunity could add as much as $500 million in annual revenue if production targets are reached. Tesla Optimus supplier article
• Positive Sentiment: Commentary points to a recovery in analog semiconductor demand and says TXN has outperformed Nvidia. That outlook is supported by the company’s recent quarterly beat: earnings and revenue topped expectations, while revenue rose 27.7% year over year. Bull of the Day article
• Positive Sentiment: ETF purchases offered a demand signal: funds bought $146.7 million of TXN shares on Nov. 2, following $114.8 million in net purchases reported for Oct. 30. Fund flows can support sentiment but do not guarantee future performance. ETF purchases article
• Positive Sentiment: Analyst coverage also includes TXN among semiconductor stocks that could benefit from rising chip sales, AI demand and investment in AI infrastructure. Semiconductor stocks article
• Neutral Sentiment: TI marked 70 years of operations in Europe and highlighted work with customers including ABB Robotics, Porsche and Schneider Electric. The milestone reinforces its established customer relationships, but the announcement does not indicate a near-term financial change. TI Europe anniversary announcement
• Negative Sentiment: A company director reportedly sold 28.2% of the shares he held after exercising options. Insider sales can weigh on sentiment, although the report alone does not establish the director’s reason for selling. Director share sale report

Texas Instruments Price Performance

Shares of TXN opened at $311.49 on Thursday. The firm has a market capitalization of $284.63 billion, a price-to-earnings ratio of 40.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The stock’s fifty day moving average is $278.51 and its 200-day moving average is $260.54.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.22. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The company’s revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 8.89 EPS for the current 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 dividend of $1.52 per share. This represents a $6.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio is 78.86%.

About Texas Instruments

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.