Boussard & Gavaudan Investment Management LLP purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 52,514 shares of the semiconductor company's stock, valued at approximately $10,836,000.
Other institutional investors have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its holdings 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 valued at $45,535,000 after buying an additional 9,608 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Texas Instruments by 60.2% in the second 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew 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 valued at $244,386,000 after purchasing an additional 1,029,741 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Texas Instruments by 106.4% during the 2nd quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company's stock worth $2,526,000 after purchasing an additional 6,696 shares in the last quarter. Finally, Townsquare Capital LLC raised 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 worth $19,353,000 after purchasing an additional 5,201 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Texas Instruments
In related 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 value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company's stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities analysts have weighed in on TXN shares. Bank of America dropped their price target on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a research note on Friday, November 22nd. They set an "equal weight" rating and a $215.00 price target on the stock. Susquehanna reduced their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Monday, October 21st. Finally, Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $210.05.
Check Out Our Latest Research Report on TXN
Texas Instruments Stock Down 0.9 %
Shares of NASDAQ:TXN traded down $1.76 during midday trading on Thursday, hitting $199.19. 4,730,481 shares of the company's stock traded hands, compared to its average volume of 5,561,799. The firm's fifty day moving average price is $204.50 and its two-hundred day moving average price is $200.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a twelve month low of $151.27 and a twelve month high of $220.38. The company has a market cap of $181.71 billion, a PE ratio of 37.02, a P/E/G ratio of 4.44 and a beta of 0.99.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results 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 analysts' expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 earnings per share. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.
Texas Instruments Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.73%. Texas Instruments's payout ratio is 101.12%.
About Texas Instruments
(
Free Report)
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.
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