Swiss National Bank Has $558.26 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Swiss National Bank lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,702,500 shares of the semiconductor company’s stock after buying an additional 8,100 shares during the quarter. Swiss National Bank owned about 0.30% of Texas Instruments worth $558,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TXN. Tsfg LLC raised its stake in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Texas Instruments during the 3rd quarter worth about $39,000. McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments in the 3rd quarter valued at about $43,000. Friedenthal Financial bought a new position in shares of Texas Instruments in the 2nd quarter valued at about $50,000. Finally, Beacon Capital Management LLC raised its position in shares of Texas Instruments by 42.1% in the 1st quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 98 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 completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This trade represents a 10.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This represents a 39.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Price Performance

NASDAQ:TXN opened at $201.12 on Friday. Texas Instruments Incorporated has a 1-year low of $150.81 and a 1-year high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $204.39 and a 200 day simple moving average of $199.62. The stock has a market capitalization of $183.47 billion, a PE ratio of 37.38, a P/E/G ratio of 4.40 and a beta of 0.99.

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 analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the business posted $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is 101.12%.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of analyst reports. Truist Financial cut their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Barclays dropped 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 report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $206.95.

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.