Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Ascent Group LLC

Ascent Group LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 298.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,734 shares of the semiconductor company's stock after purchasing an additional 7,292 shares during the period. Ascent Group LLC's holdings in Texas Instruments were worth $2,011,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its position in Texas Instruments by 4.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company's stock worth $45,535,000 after purchasing an additional 9,608 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Texas Instruments by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company's stock valued at $33,909,000 after purchasing an additional 65,512 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Texas Instruments by 454.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the period. Townsquare Capital LLC increased its position in shares of Texas Instruments by 5.9% during the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company's stock valued at $19,353,000 after purchasing an additional 5,201 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Texas Instruments by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company's stock valued at $558,255,000 after buying an additional 8,100 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Stock Down 1.9 %

Shares of NASDAQ TXN traded down $3.90 during mid-day trading on Tuesday, reaching $197.88. 1,242,123 shares of the company were exchanged, compared to its average volume of 5,536,160. Texas Instruments Incorporated has a 1 year low of $154.02 and a 1 year high of $220.38. The stock has a market cap of $180.51 billion, a price-to-earnings ratio of 37.51, a P/E/G ratio of 4.40 and a beta of 0.97. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average of $204.29 and a 200 day moving average of $200.89.

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

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. Texas Instruments's dividend payout ratio (DPR) is 101.12%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TXN shares. Morgan Stanley boosted their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Truist Financial reduced their price objective 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. Mizuho set a $200.00 target price on Texas Instruments in a research note on Friday, October 18th. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Monday, October 21st. Two equities research 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. According to data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and an average target price of $210.05.

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.