Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Norden Group LLC

Norden Group LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 17.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,041 shares of the semiconductor company's stock after purchasing an additional 4,101 shares during the quarter. Texas Instruments makes up 1.1% of Norden Group LLC's portfolio, making the stock its 20th biggest holding. Norden Group LLC's holdings in Texas Instruments were worth $5,260,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company's stock worth $15,778,648,000 after purchasing an additional 536,206 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company's stock valued at $5,002,522,000 after acquiring an additional 1,279,828 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Texas Instruments by 10.1% in the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company's stock valued at $2,033,283,000 after acquiring an additional 1,095,303 shares in the last quarter. Norges Bank purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $1,649,592,000. Finally, Van ECK Associates Corp lifted its position in shares of Texas Instruments by 6.2% in the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company's stock valued at $1,158,495,000 after acquiring an additional 348,528 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Shanon J. Leonard sold 2,816 shares of the business's stock in a transaction that occurred on 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 transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company's stock, valued at $2,473,238.94. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 in the last three months. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

TXN has been the topic of several recent research reports. Citigroup upgraded Texas Instruments from a "neutral" rating to a "buy" rating and upped their price objective for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Evercore ISI upped their target price on Texas Instruments from $255.00 to $268.00 and gave the company an "outperform" rating in a research note on Tuesday, August 20th. Rosenblatt Securities upped their target price on Texas Instruments from $210.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company began coverage on Texas Instruments in a research note on Thursday, May 16th. They issued an "underweight" rating and a $150.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $204.67.

Texas Instruments Stock Down 2.0 %

Shares of TXN stock traded down $4.10 during trading hours on Friday, reaching $197.45. The company had a trading volume of 6,314,390 shares, compared to its average volume of 5,550,251. 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. The company has a market capitalization of $180.28 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99. The stock's fifty day simple moving average is $200.50 and its 200 day simple moving average is $187.57.

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

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.63%. Texas Instruments's dividend payout ratio (DPR) is presently 81.12%.

Texas Instruments 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.