Mediolanum International Funds Ltd Sells 2,060 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mediolanum International Funds Ltd reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 41,939 shares of the semiconductor company’s stock after selling 2,060 shares during the period. Mediolanum International Funds Ltd’s holdings in Texas Instruments were worth $8,757,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Skandinaviska Enskilda Banken AB publ raised its position in shares of Texas Instruments by 4.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after purchasing an additional 9,608 shares during the period. Nordea Investment Management AB raised its holdings in Texas Instruments by 16.9% during the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after acquiring an additional 145,328 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Texas Instruments by 60.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock worth $33,909,000 after acquiring an additional 65,512 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in shares of Texas Instruments by 185.7% in the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after acquiring an additional 205,676 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after acquiring an additional 1,029,741 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction 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 $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock worth $3,255,323 in the last three months. 0.68% of the stock is owned by insiders.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $206.93 on Friday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock has a market cap of $188.41 billion, a PE ratio of 32.28, a PEG ratio of 4.22 and a beta of 0.98. The company’s fifty day moving average is $203.65 and its 200 day moving average is $195.33. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data 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 return on equity of 29.15% and a net margin of 31.60%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the business earned $1.80 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. Research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is presently 84.87%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial dropped their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday. Bank of America lowered their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, October 18th. Barclays lowered their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus raised 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 research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments 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.