Natixis Advisors LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 629,724 shares of the semiconductor company's stock after buying an additional 56,237 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Texas Instruments worth $130,082,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Banco Santander S.A. boosted its position in Texas Instruments by 6.4% during the first quarter. Banco Santander S.A. now owns 5,827 shares of the semiconductor company's stock worth $1,015,000 after purchasing an additional 350 shares in the last quarter. M&G Plc purchased a new stake in shares of Texas Instruments in the first quarter valued at about $16,331,000. Nicolet Advisory Services LLC grew its position in shares of Texas Instruments by 31.9% in the first quarter. Nicolet Advisory Services LLC now owns 2,112 shares of the semiconductor company's stock valued at $366,000 after purchasing an additional 511 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Texas Instruments by 5.8% during the 1st quarter. Intech Investment Management LLC now owns 21,817 shares of the semiconductor company's stock worth $3,801,000 after purchasing an additional 1,202 shares in the last quarter. Finally, Spirepoint Private Client LLC purchased a new stake in Texas Instruments in the 1st quarter valued at approximately $411,000. Institutional investors and hedge funds own 84.99% of the company's stock.
Insider Buying and Selling at Texas Instruments
In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm's stock in a transaction on Monday, August 26th. The shares were 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. This trade represents a 11.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 10.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 in the last ninety days. Insiders own 0.68% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on TXN. Benchmark restated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Morgan Stanley boosted their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. 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. Finally, Barclays lowered their target price on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average target price of $206.95.
View Our Latest Report on TXN
Texas Instruments Stock Down 2.4 %
Shares of NASDAQ TXN traded down $4.88 on Friday, hitting $201.12. The company had a trading volume of 5,970,371 shares, compared to its average volume of 5,504,648. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 12-month low of $150.81 and a 12-month high of $220.38. The firm has a market capitalization of $183.47 billion, a P/E ratio of 37.38, a PEG ratio of 4.50 and a beta of 0.99. The business has a 50 day moving average of $204.39 and a two-hundred day moving average of $199.46.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.80 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's payout ratio is currently 101.12%.
Texas Instruments Company Profile
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Free Report)
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.
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