Dearborn Partners LLC Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Dearborn Partners LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,769 shares of the semiconductor company's stock after selling 3,974 shares during the period. Texas Instruments comprises 1.5% of Dearborn Partners LLC's portfolio, making the stock its 27th largest holding. Dearborn Partners LLC's holdings in Texas Instruments were worth $37,548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its stake in Texas Instruments by 4.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company's stock worth $45,535,000 after acquiring an additional 9,608 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in 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 worth $33,909,000 after acquiring an additional 65,512 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in 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 buying an additional 1,029,741 shares in the last quarter. GAMMA Investing LLC lifted 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 during the last quarter. Finally, Philip James Wealth Mangement LLC lifted its position in Texas Instruments by 335.5% during the third quarter. Philip James Wealth Mangement LLC now owns 5,200 shares of the semiconductor company's stock valued at $1,074,000 after acquiring an additional 4,006 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 39.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction 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. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 over the last three months. Corporate insiders own 0.68% of the company's stock.

Analyst Ratings Changes

TXN has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a "sell" rating in a research note on Wednesday, July 24th. Jefferies Financial Group raised their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. Robert W. Baird cut their price objective on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. KeyCorp upped their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Finally, Benchmark reiterated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $206.95.

Texas Instruments Stock Down 2.1 %

Texas Instruments stock traded down $4.27 during mid-day trading on Friday, reaching $201.73. The company's stock had a trading volume of 2,805,143 shares, compared to its average volume of 5,490,399. The company has a market capitalization of $184.02 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. 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 12 month low of $150.81 and a 12 month high of $220.38. The business's 50 day simple moving average is $204.32 and its 200 day simple moving average is $199.31.

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, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the firm posted $1.80 EPS. Texas Instruments's quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company 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 positive change from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, October 31st. 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.