Leo Wealth LLC Purchases 2,952 Shares of Texas Instruments Incorporated $TXN

Leo Wealth LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,952 shares of the semiconductor company’s stock, valued at approximately $827,000.

A number of other large investors have also made changes to their positions in TXN. Kraft Davis & Associates LLC grew its position in Texas Instruments by 4.4% during the third quarter. Kraft Davis & Associates LLC now owns 827 shares of the semiconductor company’s stock worth $230,000 after buying an additional 35 shares in the last quarter. HBW Advisory Services LLC increased its stake in Texas Instruments by 2.2% during the first quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 37 shares during the period. Montz Harcus Wealth Management LLC raised its holdings in Texas Instruments by 2.9% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock valued at $260,000 after acquiring an additional 38 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Texas Instruments by 0.6% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company’s stock valued at $1,157,000 after acquiring an additional 38 shares in the last quarter. Finally, Moody National Bank Trust Division raised its holdings in Texas Instruments by 0.6% in the 3rd quarter. Moody National Bank Trust Division now owns 6,063 shares of the semiconductor company’s stock valued at $1,698,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the sale, the vice president directly owned 23,181 shares in the company, valued at $6,134,388.03. This represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Up 4.7%

Shares of TXN opened at $298.12 on Tuesday. The stock has a market cap of $272.26 billion, a price-to-earnings ratio of 38.67, a P/E/G ratio of 1.43 and a beta of 1.35. The company has a quick ratio of 4.05, a current ratio of 5.59 and a debt-to-equity ratio of 0.67. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The company has a 50-day moving average price of $272.40 and a two-hundred day moving average price of $255.84.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the prior year, the company posted $1.48 EPS. The company’s revenue was up 27.7% compared to the same quarter last year. Equities analysts predict that Texas Instruments Incorporated will post 8.79 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid a $1.52 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $6.08 annualized dividend and a yield of 2.0%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s payout ratio is presently 78.86%.

More Texas Instruments News

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

• Positive Sentiment: Texas Instruments reported a strong quarter, with earnings per share of $2.62 exceeding the $2.40 consensus estimate and revenue of $6.06 billion surpassing expectations. Revenue increased 27.7% year over year, suggesting a rebound in chip demand and supporting the bullish outlook. Texas Instruments Posts Strong Quarter as Chip Demand Rebounds
• Positive Sentiment: Freedom Broker upgraded Texas Instruments from Hold to Buy, adding to the positive analyst sentiment following the company’s earnings performance. Freedom Broker Upgrades Texas Instruments to Buy
• Positive Sentiment: Technical and market commentary indicates TXN is approaching record highs after earnings, reflecting investor confidence in the recovery and forward growth prospects. Texas Instruments Price Forecast
• Neutral Sentiment: The company priced $2.0 billion of senior unsecured notes, split across maturities from 2028 through 2036 with coupons ranging from 5.000% to 5.750%. The financing may support capital investments and general corporate purposes, but it also increases interest expense and leverage. Texas Instruments Prices $2.0 Billion of Investment Grade Notes
• Neutral Sentiment: International revenue trends remain an important factor for forecasts, with overseas demand and currency or regional conditions capable of influencing future results. Texas Instruments International Revenue Trends
• Negative Sentiment: Texas Instruments’ 23rd consecutive annual dividend increase supports its income-investor appeal, but scrutiny over cash flow and the use of debt to help fund shareholder returns could limit enthusiasm. Texas Instruments Dividend Increase

Analyst Upgrades and Downgrades

A number of analysts have commented on TXN shares. Benchmark raised their price objective on Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. UBS Group cut their target price on Texas Instruments from $380.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley raised their target price on Texas Instruments from $255.00 to $278.00 and gave the stock an “underweight” rating in a research report on Thursday. Stifel Nicolaus raised their target price on Texas Instruments from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Finally, Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $315.90.

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.