Gabelli Funds LLC Has $65.99 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Gabelli Funds LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 339,220 shares of the semiconductor company's stock after buying an additional 4,545 shares during the quarter. Gabelli Funds LLC's holdings in Texas Instruments were worth $65,988,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in Texas Instruments during the second quarter worth about $375,000. Fidelis Capital Partners LLC grew its position in Texas Instruments by 4.8% during the second quarter. Fidelis Capital Partners LLC now owns 4,119 shares of the semiconductor company's stock worth $758,000 after buying an additional 187 shares in the last quarter. Heron Bay Capital Management grew its position in Texas Instruments by 0.5% during the second quarter. Heron Bay Capital Management now owns 38,122 shares of the semiconductor company's stock worth $7,416,000 after buying an additional 206 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in Texas Instruments by 22,541.6% during the second quarter. Frank Rimerman Advisors LLC now owns 20,151 shares of the semiconductor company's stock worth $3,920,000 after buying an additional 20,062 shares in the last quarter. Finally, Profund Advisors LLC boosted its holdings in Texas Instruments by 6.3% during the second quarter. Profund Advisors LLC now owns 148,214 shares of the semiconductor company's stock valued at $28,832,000 after purchasing an additional 8,839 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Down 2.1 %

TXN stock traded down $4.30 during trading on Friday, hitting $203.30. The company had a trading volume of 14,502,852 shares, compared to its average volume of 5,567,017. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $200.78 and a 200-day moving average price of $190.11. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The stock has a market cap of $185.10 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 4.31 and a beta of 0.99.

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 for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same quarter in the previous year, the company posted $1.87 EPS. Texas Instruments's revenue was down 15.6% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

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

Insider Transactions at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company's stock in a transaction that occurred on 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 owns 11,806 shares of the company's stock, valued at $2,473,238.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $2,473,238.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Texas Instruments from $157.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, August 21st. Morgan Stanley lifted their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an "underweight" rating in a report on Thursday, July 11th. Robert W. Baird lifted their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Finally, Truist Financial decreased their price objective on Texas Instruments from $203.00 to $198.00 and set a "hold" rating on the stock in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $204.67.

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.