CIBC Asset Management Inc Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

CIBC Asset Management Inc increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,288 shares of the semiconductor company's stock after purchasing an additional 16,385 shares during the period. CIBC Asset Management Inc's holdings in Texas Instruments were worth $63,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Capital Research Global Investors increased its stake 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 buying an additional 1,279,828 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Texas Instruments by 454.5% during 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in Texas Instruments by 17,253.3% in the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company's stock worth $126,718,000 after purchasing an additional 609,905 shares in the last quarter. Vanguard Group Inc. boosted its stake in Texas Instruments by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company's stock worth $15,778,648,000 after purchasing an additional 536,206 shares during the period. Finally, National Bank of Canada FI grew its holdings in Texas Instruments by 234.1% during the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company's stock valued at $144,423,000 after buying an additional 520,073 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Activity

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 10.46 % 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 90 days. Corporate insiders own 0.68% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. Mizuho set a $200.00 target price on shares of Texas Instruments in a research report on Friday, October 18th. Evercore ISI lifted their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Barclays reduced their price objective on Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus raised their price objective on Texas Instruments from $172.00 to $200.00 and gave the company a "hold" rating in a research note on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and an average target price of $206.95.

Texas Instruments Stock Down 2.1 %

Shares of NASDAQ:TXN traded down $4.27 during mid-day trading on Friday, hitting $201.73. 2,805,143 shares of the company traded hands, compared to its average volume of 5,490,399. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm's 50 day simple moving average is $204.32 and its 200 day simple moving average is $199.31. The firm has a market cap of $184.02 billion, a P/E ratio of 37.55, a PEG ratio of 4.50 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $150.81 and a 52-week high of $220.38.

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 for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion during 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 for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.80 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

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.