Caisse DE Depot ET Placement DU Quebec Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 207.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 467,811 shares of the semiconductor company's stock after purchasing an additional 315,672 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.05% of Texas Instruments worth $96,636,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of Texas Instruments by 57.3% during the first quarter. EverSource Wealth Advisors LLC now owns 4,109 shares of the semiconductor company's stock valued at $725,000 after buying an additional 1,496 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in shares of Texas Instruments by 1.7% in the second quarter. Moody National Bank Trust Division now owns 6,972 shares of the semiconductor company's stock valued at $1,356,000 after acquiring an additional 115 shares during the period. Versant Capital Management Inc increased its position in shares of Texas Instruments by 31.7% in the second quarter. Versant Capital Management Inc now owns 424 shares of the semiconductor company's stock valued at $82,000 after buying an additional 102 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in Texas Instruments in the 2nd quarter worth about $78,000. Finally, Quent Capital LLC raised its holdings in shares of Texas Instruments by 3.1% during the 2nd quarter. Quent Capital LLC now owns 5,024 shares of the semiconductor company's stock valued at $977,000 after buying an additional 150 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN stock traded up $1.84 during midday trading on Friday, reaching $201.03. 3,167,423 shares of the company's stock traded hands, compared to its average volume of 5,986,470. The company has a 50-day simple moving average of $204.29 and a two-hundred day simple moving average of $200.89. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year 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. The company has a market cap of $183.38 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 4.40 and a beta of 0.99.

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

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a dividend of $1.36 per share. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.71%. The ex-dividend date was Thursday, October 31st. Texas Instruments's dividend payout ratio (DPR) is currently 101.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TXN shares. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Citigroup upgraded Texas Instruments from a "neutral" rating to a "buy" rating and increased their price target for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Bank of America reduced their price target 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. Finally, Barclays lowered their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $210.05.

Insiders Place Their Bets

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 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 completion of the sale, the director now owns 20,461 shares of the company's stock, valued at $4,272,256.80. The trade was 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 corporate insiders.

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.