Mattern Capital Management LLC Sells 364 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

by · The Markets Daily

Mattern Capital Management LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,525 shares of the semiconductor company’s stock after selling 364 shares during the period. Texas Instruments accounts for 1.3% of Mattern Capital Management LLC’s portfolio, making the stock its 26th largest position. Mattern Capital Management LLC’s holdings in Texas Instruments were worth $10,437,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV boosted its holdings in Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after acquiring an additional 51 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Texas Instruments by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after buying an additional 52 shares during the last quarter. Verity Asset Management Inc. boosted its holdings in Texas Instruments by 1.1% during the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after buying an additional 54 shares during the last quarter. Prentice Wealth Management LLC boosted its holdings in Texas Instruments by 2.1% during the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after buying an additional 55 shares during the last quarter. Finally, Pure Financial Advisors LLC boosted its holdings in Texas Instruments by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after buying an additional 55 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent analyst reports. Robert W. Baird reduced their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays reduced their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Evercore ISI raised their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Bank of America dropped their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $206.95.

Get Our Latest Stock Report on TXN

Insiders Place Their Bets

In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred 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 transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Texas Instruments Stock Up 0.2 %

NASDAQ:TXN opened at $206.93 on Friday. The firm has a market capitalization of $188.41 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The stock’s 50 day moving average price is $203.65 and its two-hundred day moving average price is $195.48. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. Texas Instruments’s payout ratio is 84.87%.

Texas Instruments Profile

(Free Report)

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.

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