LGT Group Foundation Has $29.42 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

LGT Group Foundation increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,229 shares of the semiconductor company's stock after acquiring an additional 19,034 shares during the quarter. LGT Group Foundation's holdings in Texas Instruments were worth $29,419,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First National Advisers LLC increased its position in Texas Instruments by 27.6% during the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company's stock worth $1,623,000 after purchasing an additional 2,059 shares during the last quarter. Nordea Investment Management AB boosted its holdings in 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 purchasing an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Texas Instruments by 5,858.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company's stock worth $110,265,000 after purchasing an additional 636,013 shares during the period. Advisors Capital Management LLC boosted its holdings in Texas Instruments by 185.7% in the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company's stock worth $55,124,000 after purchasing an additional 205,676 shares during the period. Finally, Clear Rock Advisors LLC acquired a new position in Texas Instruments in the fourth quarter worth $1,984,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of recent analyst reports. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and increased their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Benchmark reissued a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. KeyCorp upped their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Morgan Stanley upped their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an "underweight" rating in a research note on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. 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. According to data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $204.67.

Insiders Place Their Bets

In related news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the 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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mohammad Yunus sold 3,778 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares of the company's stock, valued at $6,035,956.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Stock Up 1.9 %

TXN traded up $3.72 during trading on Monday, hitting $201.17. The stock had a trading volume of 4,864,134 shares, compared to its average volume of 5,546,292. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company has a market capitalization of $183.68 billion, a PE ratio of 31.38, a PEG ratio of 4.29 and a beta of 0.99. The stock has a 50 day simple moving average of $200.63 and a two-hundred day simple moving average of $187.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments's revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current 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 given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.58%. The ex-dividend date was Wednesday, July 31st. Texas Instruments's payout ratio is 81.12%.

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.