Texas Instruments Incorporated (NASDAQ:TXN) Holdings Lowered by Primecap Management Co. CA

Primecap Management Co. CA cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,341,904 shares of the semiconductor company's stock after selling 176,638 shares during the period. Texas Instruments accounts for about 2.2% of Primecap Management Co. CA's portfolio, making the stock its 11th largest position. Primecap Management Co. CA owned about 1.68% of Texas Instruments worth $2,984,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TXN. Van ECK Associates Corp lifted its holdings in shares of Texas Instruments by 54.3% in the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company's stock valued at $976,765,000 after buying an additional 1,972,304 shares during the period. Capital Research Global Investors lifted its holdings in 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 during the period. Baillie Gifford & Co. boosted its position in Texas Instruments by 65.8% in the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company's stock worth $518,629,000 after purchasing an additional 1,181,841 shares in the last quarter. Franklin Resources Inc. boosted its position in Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company's stock worth $2,033,283,000 after purchasing an additional 1,095,303 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Texas Instruments by 35.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,083,589 shares of the semiconductor company's stock worth $525,643,000 after purchasing an additional 809,805 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Activity

In other news, VP Mohammad Yunus sold 3,778 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares of the company's stock, valued at $6,035,956.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 11,806 shares of the company's stock, valued at $2,473,238.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares of the company's stock, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. In the last three months, insiders sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent analyst reports. KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Citigroup upgraded Texas Instruments from a "neutral" rating to a "buy" rating and raised their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Morgan Stanley raised their target price on Texas Instruments from $150.00 to $156.00 and gave the company an "underweight" rating in a research report on Thursday, July 11th. Robert W. Baird raised their target price on Texas Instruments from $175.00 to $200.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their target price 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 research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $204.67.

Texas Instruments Stock Up 1.5 %

TXN traded up $2.92 during trading on Tuesday, hitting $201.39. The company had a trading volume of 3,478,017 shares, compared to its average volume of 5,526,725. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company has a market cap of $183.36 billion, a PE ratio of 30.96, a P/E/G ratio of 4.26 and a beta of 0.99. The business has a 50-day moving average of $200.63 and a 200-day moving average of $189.21.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data 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 firm 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 for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 earnings per share. As a group, analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.58%. Texas Instruments's payout ratio is currently 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.