Guinness Asset Management LTD Has $199.95 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Guinness Asset Management LTD increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 967,637 shares of the semiconductor company’s stock after purchasing an additional 42,358 shares during the period. Texas Instruments accounts for approximately 3.8% of Guinness Asset Management LTD’s investment portfolio, making the stock its 16th biggest holding. Guinness Asset Management LTD’s holdings in Texas Instruments were worth $199,954,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perfromance Wealth Partners LLC lifted its holdings in Texas Instruments by 13.7% during the 3rd quarter. Perfromance Wealth Partners LLC now owns 5,859 shares of the semiconductor company’s stock worth $1,210,000 after buying an additional 708 shares during the period. Valeo Financial Advisors LLC raised its holdings in Texas Instruments by 1.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 10,109 shares of the semiconductor company’s stock worth $2,088,000 after purchasing an additional 139 shares during the last quarter. Wynn Capital LLC lifted its position in shares of Texas Instruments by 5.9% in the 3rd quarter. Wynn Capital LLC now owns 5,154 shares of the semiconductor company’s stock worth $1,065,000 after purchasing an additional 285 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Texas Instruments by 58.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,926 shares of the semiconductor company’s stock valued at $1,431,000 after purchasing an additional 2,548 shares during the last quarter. Finally, DLK Investment Management LLC increased its position in shares of Texas Instruments by 2.5% during the third quarter. DLK Investment Management LLC now owns 14,003 shares of the semiconductor company’s stock worth $2,892,000 after buying an additional 335 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Shanon J. Leonard sold 2,816 shares of the firm’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 sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TXN. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Rosenblatt Securities upped their target price on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Morgan Stanley lifted their target price on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Cantor Fitzgerald cut their price target on Texas Instruments from $210.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Stifel Nicolaus boosted their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus target price of $205.65.

Texas Instruments Stock Up 1.3 %

TXN traded up $2.64 during mid-day trading on Friday, reaching $205.11. 2,815,781 shares of the stock were exchanged, compared to its average volume of 5,472,786. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. 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 stock has a market capitalization of $187.28 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 4.46 and a beta of 0.98. The company has a 50 day moving average price of $201.93 and a two-hundred day moving average price of $193.23.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 90.28%.

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.