The Manufacturers Life Insurance Company Lowers Stake in Texas Instruments Incorporated (NASDAQ:TXN)

The Manufacturers Life Insurance Company cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 18.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,278,999 shares of the semiconductor company’s stock after selling 724,290 shares during the quarter. Texas Instruments comprises about 0.6% of The Manufacturers Life Insurance Company’s portfolio, making the stock its 29th biggest position. The Manufacturers Life Insurance Company owned approximately 0.36% of Texas Instruments worth $677,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Cahill Financial Advisors Inc. increased its position in shares of Texas Instruments by 3.5% during the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 49 shares in the last quarter. KCM Investment Advisors LLC grew its stake in Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after buying an additional 50 shares during the last quarter. Investment Advisory Services Inc. TX ADV increased its position in Texas Instruments by 1.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after buying an additional 51 shares in the last quarter. Lansing Street Advisors raised its stake in Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 51 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after acquiring an additional 52 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Up 2.5 %

Shares of TXN opened at $202.93 on Tuesday. The firm has a market cap of $185.12 billion, a P/E ratio of 37.72, a PEG ratio of 4.33 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38. The stock’s 50 day moving average is $204.54 and its two-hundred day moving average is $200.61. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share 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 company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the business posted $1.80 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid 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 annualized dividend and a yield of 2.68%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is 101.12%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America decreased their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Mizuho set a $200.00 target price on Texas Instruments in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $210.05.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.68% of the company’s stock.

About Texas Instruments

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.