Texas Instruments Incorporated (NASDAQ:TXN) Position Lessened by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,510 shares of the semiconductor company’s stock after selling 14,900 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Texas Instruments were worth $24,894,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of Texas Instruments by 54.3% during the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after acquiring an additional 1,972,304 shares during the last quarter. Capital Research Global Investors grew its position in Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Texas Instruments by 65.8% in the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock valued at $518,629,000 after purchasing an additional 1,181,841 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Texas Instruments by 454.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock valued at $244,386,000 after buying an additional 1,029,741 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of 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 during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Texas Instruments news, 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 completion of the sale, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing 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 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 directly owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several analyst reports. Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Evercore ISI lifted their price objective on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Truist Financial decreased their target price on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Cantor Fitzgerald decreased their price objective on shares of Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $205.95.

Texas Instruments Trading Down 0.9 %

NASDAQ:TXN opened at $193.97 on Wednesday. The stock has a fifty day simple moving average of $203.31 and a 200 day simple moving average of $194.94. 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 firm has a market capitalization of $177.10 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 4.32 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.80%. Texas Instruments’s payout ratio is currently 90.28%.

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.