Symmetry Investments LP Sells 34,578 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Symmetry Investments LP decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 43.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,422 shares of the semiconductor company's stock after selling 34,578 shares during the period. Texas Instruments comprises 1.0% of Symmetry Investments LP's portfolio, making the stock its 24th largest holding. Symmetry Investments LP's holdings in Texas Instruments were worth $8,641,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Texas Instruments by 54.3% in the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company's stock valued at $976,765,000 after acquiring an additional 1,972,304 shares during the last quarter. Capital Research Global Investors raised its holdings in Texas Instruments by 4.7% during 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 buying an additional 1,279,828 shares in the last quarter. Baillie Gifford & Co. raised its holdings in Texas Instruments by 65.8% during the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company's stock valued at $518,629,000 after buying an additional 1,181,841 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Texas Instruments by 35.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,083,589 shares of the semiconductor company's stock worth $525,643,000 after buying an additional 809,805 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Texas Instruments by 23.7% during the 4th quarter. Capital International Investors now owns 3,697,517 shares of the semiconductor company's stock worth $630,335,000 after acquiring an additional 709,115 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TXN. Deutsche Bank Aktiengesellschaft boosted 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. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Truist Financial cut their target price on shares of Texas Instruments from $203.00 to $198.00 and set a "hold" rating for the company in a research note on Wednesday, August 21st. Stifel Nicolaus raised their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. Finally, Susquehanna upped their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the company a "positive" rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $204.67.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $4.30 during mid-day trading on Friday, reaching $203.30. 14,502,852 shares of the stock were exchanged, compared to its average volume of 5,567,017. The company has a market cap of $185.62 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a 50-day simple moving average of $200.78 and a 200 day simple moving average of $189.98.

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. The company had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments's quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio is presently 81.12%.

Insider Activity

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company'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 owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm's stock in a transaction that occurred on 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 $6,035,956.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by corporate insiders.

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.