National Bank of Canada FI Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

National Bank of Canada FI raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 234.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 742,268 shares of the semiconductor company's stock after purchasing an additional 520,073 shares during the period. National Bank of Canada FI owned about 0.08% of Texas Instruments worth $144,423,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. First National Advisers LLC raised its stake in shares of Texas Instruments by 27.6% in the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company's stock worth $1,623,000 after buying an additional 2,059 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Texas Instruments by 16.9% in the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company's stock worth $175,538,000 after buying an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado boosted its position in Texas Instruments by 5,858.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company's stock valued at $110,265,000 after purchasing an additional 636,013 shares during the last quarter. Advisors Capital Management LLC boosted its position in Texas Instruments by 185.7% during the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company's stock valued at $55,124,000 after purchasing an additional 205,676 shares during the last quarter. Finally, Clear Rock Advisors LLC acquired a new stake in Texas Instruments during the fourth quarter valued at $1,984,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Down 1.2 %

Shares of NASDAQ:TXN traded down $2.45 during mid-day trading on Thursday, reaching $201.55. 4,100,859 shares of the company's stock were exchanged, compared to its average volume of 5,545,751. The firm has a market capitalization of $183.51 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 4.66 and a beta of 0.99. The business's fifty day moving average price is $200.28 and its 200-day moving average price is $187.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments's revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.58%. The ex-dividend date was Wednesday, July 31st. Texas Instruments's dividend payout ratio (DPR) is currently 81.12%.

Analyst Ratings Changes

TXN has been the topic of several research reports. Rosenblatt Securities boosted their price target on Texas Instruments from $210.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. KeyCorp upped their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Robert W. Baird upped their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. Barclays upped their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a "hold" rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $204.67.

Insider Buying and Selling at Texas Instruments

In other news, VP Shanon J. Leonard sold 2,816 shares of the business'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 completion of the sale, the vice president now directly owns 24,112 shares of the company's stock, valued at $5,037,237.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the company's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company's stock, valued at $5,037,237.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company's stock.

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.