Erste Asset Management GmbH Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Erste Asset Management GmbH acquired 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 Securities and Exchange Commission (SEC). The fund acquired 120,311 shares of the semiconductor company's stock, valued at approximately $25,157,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Socorro Asset Management LP increased its position in Texas Instruments by 0.8% in the 3rd quarter. Socorro Asset Management LP now owns 50,553 shares of the semiconductor company's stock valued at $10,443,000 after acquiring an additional 416 shares during the period. Semmax Financial Advisors Inc. increased its holdings in shares of Texas Instruments by 2.5% in the third quarter. Semmax Financial Advisors Inc. now owns 11,886 shares of the semiconductor company's stock valued at $2,529,000 after buying an additional 289 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in shares of Texas Instruments by 32.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,745 shares of the semiconductor company's stock valued at $360,000 after purchasing an additional 428 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Texas Instruments during the third quarter valued at approximately $1,388,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Texas Instruments in the third quarter valued at $229,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Texas Instruments stock traded up $1.84 during mid-day trading on Friday, reaching $201.03. The company's stock had a trading volume of 3,167,423 shares, compared to its average volume of 5,986,470. The firm's fifty day moving average price is $204.29 and its two-hundred day moving average price is $200.85. 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 $151.27 and a 12-month high of $220.38. The company has a market capitalization of $183.38 billion, a P/E 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 quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the business posted $1.80 earnings per share. The company's revenue for the quarter was down 8.4% on a year-over-year basis. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal 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 issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.71%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TXN shares. Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. 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 report on Wednesday, October 23rd. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, Benchmark reissued a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $210.05.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on 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 owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the 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 transaction, the director now directly owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by 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.