Fmr LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

FMR LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,702,653 shares of the semiconductor company's stock after purchasing an additional 106,002 shares during the quarter. FMR LLC owned about 0.30% of Texas Instruments worth $558,287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Cahill Financial Advisors Inc. lifted its holdings in shares of Texas Instruments by 3.5% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company's stock valued at $298,000 after buying an additional 49 shares during the period. KCM Investment Advisors LLC lifted its holdings in Texas Instruments by 1.4% in the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock valued at $738,000 after acquiring an additional 50 shares during the period. Investment Advisory Services Inc. TX ADV boosted its position in Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock worth $612,000 after purchasing an additional 51 shares in the last quarter. Lansing Street Advisors grew its stake in shares of Texas Instruments by 4.7% during the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock worth $233,000 after purchasing an additional 51 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Texas Instruments by 1.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock worth $1,030,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TXN. Evercore ISI boosted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, October 18th. Wells Fargo & Company began coverage on Texas Instruments in a research report on Friday, November 22nd. They set an "equal weight" rating and a $215.00 target price on the stock. Robert W. Baird cut their price target on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $210.05.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the director now owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Texas Instruments Price Performance

NASDAQ TXN traded up $1.84 during trading hours on Friday, hitting $201.03. 3,167,423 shares of the company's stock traded hands, compared to its average volume of 5,551,440. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The firm's 50-day moving average is $204.33 and its 200-day moving average is $200.69. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The company has a market capitalization of $183.38 billion, a PE ratio of 37.02, a PEG ratio of 4.36 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly 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 return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the business earned $1.80 earnings per share. The business's revenue was down 8.4% compared to the same quarter last year. Equities analysts forecast 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. Stockholders 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. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.71%. Texas Instruments's payout ratio is presently 101.12%.

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.