OVERSEA CHINESE BANKING Corp Ltd Sells 49,976 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

OVERSEA CHINESE BANKING Corp Ltd cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 66.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,714 shares of the semiconductor company’s stock after selling 49,976 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Texas Instruments were worth $5,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. WealthPlan Investment Management LLC grew its position in shares of Texas Instruments by 4.9% during the 3rd quarter. WealthPlan Investment Management LLC now owns 51,708 shares of the semiconductor company’s stock valued at $10,681,000 after acquiring an additional 2,419 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Texas Instruments in the third quarter worth about $872,000. Apollon Wealth Management LLC boosted its holdings in Texas Instruments by 0.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 34,185 shares of the semiconductor company’s stock valued at $7,062,000 after purchasing an additional 315 shares during the period. WCM Investment Management LLC increased its stake in Texas Instruments by 365.3% in the 3rd quarter. WCM Investment Management LLC now owns 10,836 shares of the semiconductor company’s stock worth $2,266,000 after acquiring an additional 8,507 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in Texas Instruments by 10.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 3,851 shares of the semiconductor company’s stock valued at $796,000 after purchasing an additional 357 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Jefferies Financial Group boosted their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Evercore ISI increased their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, KeyCorp boosted their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Stock Down 2.0 %

Texas Instruments stock opened at $215.87 on Tuesday. The firm has a market cap of $196.92 billion, a P/E ratio of 40.12, a P/E/G ratio of 4.82 and a beta of 0.99. The business has a fifty day moving average of $203.98 and a two-hundred day moving average of $198.97. Texas Instruments Incorporated has a twelve month low of $145.19 and a twelve month high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.52%. Texas Instruments’s dividend payout ratio is presently 101.12%.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock valued at $5,341,235 over the last ninety days. Company 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.