Los Angeles Capital Management LLC Has $4.04 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Los Angeles Capital Management LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 200.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,559 shares of the semiconductor company's stock after purchasing an additional 13,057 shares during the period. Los Angeles Capital Management LLC's holdings in Texas Instruments were worth $4,040,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ raised 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 valued at $45,535,000 after acquiring an additional 9,608 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Texas Instruments by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company's stock valued at $33,909,000 after purchasing an additional 65,512 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Texas Instruments by 454.5% during the 2nd 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 acquiring an additional 1,029,741 shares during the period. GAMMA Investing LLC lifted its position in shares of Texas Instruments by 106.4% in the second quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company's stock valued at $2,526,000 after acquiring an additional 6,696 shares in the last quarter. Finally, Philip James Wealth Mangement LLC increased its stake 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 worth $1,074,000 after acquiring an additional 4,006 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 3.3 %

Shares of TXN stock traded down $7.06 during trading hours on Wednesday, reaching $205.72. The company's stock had a trading volume of 7,921,782 shares, compared to its average volume of 5,505,816. The firm's fifty day simple moving average is $204.20 and its 200 day simple moving average is $199.21. Texas Instruments Incorporated has a one year low of $148.91 and a one year high of $220.38. The stock has a market capitalization of $187.66 billion, a P/E ratio of 38.24, a P/E/G ratio of 4.65 and a beta of 0.99. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping 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 business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company posted $1.80 earnings per share. The company's quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business 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 represents a $5.44 dividend on an annualized basis and a yield of 2.64%. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio is presently 101.12%.

Insider Buying and Selling at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Shanon J. Leonard sold 2,816 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company's stock, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company's stock, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 over the last three months. Company insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several analyst reports. Robert W. Baird lowered their target price on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Evercore ISI raised their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. KeyCorp upped their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Benchmark reiterated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $206.95.

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.