Texas Instruments Incorporated (NASDAQ:TXN) Stake Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,877 shares of the semiconductor company’s stock after acquiring an additional 10,429 shares during the period. Asset Management One Co. Ltd.’s holdings in Texas Instruments were worth $73,307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas bought a new stake in Texas Instruments during the first quarter worth approximately $74,000. Financial Counselors Inc. boosted its holdings in Texas Instruments by 12.1% during the first quarter. Financial Counselors Inc. now owns 7,882 shares of the semiconductor company’s stock worth $1,373,000 after buying an additional 850 shares in the last quarter. Mutual Advisors LLC boosted its holdings in Texas Instruments by 17.3% during the first quarter. Mutual Advisors LLC now owns 15,186 shares of the semiconductor company’s stock worth $2,646,000 after buying an additional 2,242 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Texas Instruments by 1.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 14,244 shares of the semiconductor company’s stock worth $2,481,000 after buying an additional 226 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Texas Instruments by 3.4% in the 1st quarter. Proficio Capital Partners LLC now owns 3,013 shares of the semiconductor company’s stock worth $525,000 after purchasing an additional 99 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on TXN. Bank of America cut their target price 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. Stifel Nicolaus increased their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Susquehanna cut their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Stock Down 0.4 %

Shares of Texas Instruments stock traded down $0.89 on Monday, hitting $204.03. The company had a trading volume of 193,760 shares, compared to its average volume of 5,463,860. The firm has a market capitalization of $186.12 billion, a P/E ratio of 37.96, a P/E/G ratio of 4.44 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $143.08 and a twelve month high of $214.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a 50-day moving average of $203.81 and a 200-day moving average of $197.05.

Texas Instruments (NASDAQ:TXN) last announced 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. 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 31.60% and a return on equity of 29.05%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given 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 2.67%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is 101.12%.

Insiders Place Their Bets

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’s 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 sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by corporate insiders.

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.