Kinsale Capital Group Inc. Has $7.33 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Kinsale Capital Group Inc. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,477 shares of the semiconductor company's stock after buying an additional 4,415 shares during the quarter. Texas Instruments makes up about 2.2% of Kinsale Capital Group Inc.'s holdings, making the stock its 14th biggest position. Kinsale Capital Group Inc.'s holdings in Texas Instruments were worth $7,328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors lifted its stake in shares of 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 valued at $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company's stock valued at $1,523,415,000 after acquiring an additional 64,067 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Texas Instruments by 3.6% in the 3rd quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company's stock valued at $1,244,381,000 after acquiring an additional 212,888 shares in the last quarter. Fayez Sarofim & Co boosted its position in Texas Instruments by 2.5% during the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company's stock worth $744,218,000 after purchasing an additional 104,806 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Texas Instruments by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company's stock valued at $778,750,000 after purchasing an additional 129,717 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Activity

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments 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 transaction, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at $33,233,101.44. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by insiders.

Texas Instruments Price Performance

Texas Instruments stock traded down $4.88 on Friday, reaching $201.12. The company's stock had a trading volume of 5,970,371 shares, compared to its average volume of 5,504,648. The business's fifty day moving average price is $204.39 and its 200 day moving average price is $199.46. 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 twelve month low of $150.81 and a twelve month high of $220.38. The company has a market cap of $183.47 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 4.50 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments's revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on TXN. KeyCorp raised their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Morgan Stanley raised their price target on Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Truist Financial dropped their price target on Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price objective on Texas Instruments from $157.00 to $176.00 and gave the company a "sell" rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and a consensus price target of $206.95.

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.