New England Asset Management Inc. Cuts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

New England Asset Management Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,737 shares of the semiconductor company's stock after selling 7,635 shares during the quarter. New England Asset Management Inc.'s holdings in Texas Instruments were worth $6,969,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors lifted its holdings in shares of Texas Instruments by 4.7% in the 1st 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Texas Instruments by 17,253.3% in the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company's stock worth $126,718,000 after purchasing an additional 609,905 shares during the last quarter. National Bank of Canada FI lifted its stake in Texas Instruments by 234.1% in the second quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company's stock worth $144,423,000 after purchasing an additional 520,073 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Texas Instruments by 37.2% in the second quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company's stock worth $324,259,000 after purchasing an additional 451,862 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Insider Transactions at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the business'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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 39.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company's stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,548 shares of company stock worth $5,341,235. Company insiders own 0.68% of the company's stock.

Texas Instruments Stock Down 2.9 %

NASDAQ TXN traded down $6.11 on Tuesday, hitting $201.07. The stock had a trading volume of 5,568,691 shares, compared to its average volume of 5,515,682. The business's fifty day moving average price is $204.51 and its 200 day moving average price is $200.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The stock has a market cap of $183.42 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The business's revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. 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 2.71%. The ex-dividend date was Thursday, October 31st. Texas Instruments's payout ratio is presently 101.12%.

Analyst Ratings Changes

Several brokerages have issued reports on TXN. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Evercore ISI raised their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Finally, KeyCorp raised their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $206.95.

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.