BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 60.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 174,310 shares of the semiconductor company's stock after acquiring an additional 65,512 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Texas Instruments were worth $33,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gateway Advisory LLC lifted its holdings in Texas Instruments by 66.3% in the 2nd quarter. Gateway Advisory LLC now owns 3,010 shares of the semiconductor company's stock worth $586,000 after buying an additional 1,200 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of Texas Instruments during the second quarter worth about $14,580,000. Evergreen Capital Management LLC lifted its stake in shares of Texas Instruments by 33.3% in the second quarter. Evergreen Capital Management LLC now owns 9,204 shares of the semiconductor company's stock worth $1,790,000 after acquiring an additional 2,299 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Texas Instruments by 74.0% in the second quarter. Public Sector Pension Investment Board now owns 35,008 shares of the semiconductor company's stock valued at $6,810,000 after purchasing an additional 14,888 shares during the last quarter. Finally, DRW Securities LLC grew its stake in Texas Instruments by 303.1% during the 2nd quarter. DRW Securities LLC now owns 6,950 shares of the semiconductor company's stock valued at $1,352,000 after purchasing an additional 5,226 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Texas Instruments stock traded up $1.72 during midday trading on Tuesday, reaching $205.57. The company's stock had a trading volume of 2,074,861 shares, compared to its average volume of 5,532,809. The stock has a market cap of $187.17 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The business has a 50-day moving average price of $200.82 and a 200-day moving average price of $190.31.

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

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.65%. Texas Instruments's dividend payout ratio (DPR) is currently 81.12%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. KeyCorp upped their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Jefferies Financial Group raised their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. Benchmark reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 18th. Finally, Citigroup raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and lifted their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $204.67.

Insider Buying and Selling

In related news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction 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 completion of the sale, the vice president now owns 28,894 shares of the company's stock, valued at approximately $6,035,956.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Mohammad Yunus sold 3,778 shares of the company's stock in a transaction 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 sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company's stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by company insiders.

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.