McAdam LLC Invests $214,000 in Texas Instruments Incorporated (NASDAQ:TXN)

McAdam LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,034 shares of the semiconductor company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after buying an additional 536,206 shares in the last quarter. Capital Research Global Investors boosted its holdings in Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares in the last quarter. Legal & General Group Plc boosted its holdings in Texas Instruments by 0.8% during the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after buying an additional 64,067 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Texas Instruments by 6.2% during the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock worth $1,158,495,000 after buying an additional 348,528 shares in the last quarter. Finally, Fayez Sarofim & Co boosted its holdings in Texas Instruments by 2.5% during the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock worth $744,218,000 after buying an additional 104,806 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN opened at $206.93 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company has a market capitalization of $188.41 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 4.22 and a beta of 0.98. The company’s 50 day simple moving average is $203.52 and its 200 day simple moving average is $195.07. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.15%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business posted $1.80 earnings per share. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors 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 yield of 2.63%. Texas Instruments’s dividend payout ratio is 84.87%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TXN shares. Jefferies Financial Group boosted their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Finally, Stifel Nicolaus upped their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $206.95.

Insider Buying and Selling

In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

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.