Fisher Asset Management LLC Purchases 15,191 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Fisher Asset Management LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,703 shares of the semiconductor company's stock after acquiring an additional 15,191 shares during the period. Fisher Asset Management LLC's holdings in Texas Instruments were worth $61,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC boosted its position in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Texas Instruments in the third quarter valued at approximately $39,000. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments in the third quarter valued at approximately $43,000. Finally, Darwin Wealth Management LLC acquired a new stake in Texas Instruments in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Down 1.0 %

Shares of NASDAQ TXN traded down $1.98 during mid-day trading on Tuesday, reaching $200.95. 5,218,677 shares of the company's stock traded hands, compared to its average volume of 5,565,240. The stock has a market cap of $183.31 billion, a P/E ratio of 37.72, a PEG ratio of 4.33 and a beta of 0.99. The business has a 50-day simple moving average of $204.54 and a 200 day simple moving average of $200.61. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same period last year, the company earned $1.80 earnings per share. The business's revenue was down 8.4% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal 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 issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. 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%. Texas Instruments's payout ratio is 101.12%.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent research reports. Evercore ISI lifted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Barclays cut their price target on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company assumed coverage on shares of Texas Instruments in a report on Friday. They set an "equal weight" rating and a $215.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus target price of $210.05.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction dated 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 in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Company Profile

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.