Texas Instruments Incorporated (NASDAQ:TXN) Position Cut by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,884,380 shares of the semiconductor company's stock after selling 88,661 shares during the quarter. Baillie Gifford & Co. owned 0.32% of Texas Instruments worth $595,826,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Capital Research Global Investors raised its holdings 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 period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Texas Instruments by 454.5% in the second 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. International Assets Investment Management LLC raised its position in shares of Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company's stock valued at $126,718,000 after purchasing an additional 609,905 shares during the period. Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company's stock valued at $15,778,648,000 after buying an additional 536,206 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Texas Instruments by 234.1% in the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company's stock worth $144,423,000 after buying an additional 520,073 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 3.0 %

Shares of Texas Instruments stock traded down $6.53 during mid-day trading on Tuesday, hitting $209.34. The stock had a trading volume of 1,521,203 shares, compared to its average volume of 5,478,940. The firm has a market cap of $190.96 billion, a P/E ratio of 40.12, a price-to-earnings-growth ratio of 4.82 and a beta of 0.99. 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 Incorporated has a 12-month low of $145.19 and a 12-month high of $220.38. The firm has a 50-day moving average of $203.98 and a two-hundred day moving average of $198.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 29.05% and a net margin of 31.60%. The business's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.80 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $1.36 dividend. This is a positive change 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 annualized dividend and a yield of 2.60%. Texas Instruments's dividend payout ratio is 101.12%.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value 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 approximately $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction that occurred on 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 sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 in the last three months. Corporate insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

TXN has been the subject of a number of research reports. Mizuho set a $200.00 target price on shares of Texas Instruments in a research report on Friday, October 18th. Evercore ISI lifted their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Barclays cut their price target on Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. Truist Financial lowered their target price on Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Finally, Summit Insights upgraded shares of Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average target price of $206.95.

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.