Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Oakview Capital Management L.P.

Oakview Capital Management L.P. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 47.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,279 shares of the semiconductor company's stock after selling 6,485 shares during the quarter. Texas Instruments comprises 7.0% of Oakview Capital Management L.P.'s portfolio, making the stock its 7th biggest position. Oakview Capital Management L.P.'s holdings in Texas Instruments were worth $1,504,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. Capital Research Global Investors boosted its holdings in 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 worth $5,002,522,000 after acquiring an additional 1,279,828 shares during the period. Legal & General Group Plc lifted its holdings in Texas Instruments by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company's stock worth $1,523,415,000 after buying an additional 64,067 shares in the last quarter. Van ECK Associates Corp boosted its position in Texas Instruments by 3.6% in the 3rd quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company's stock valued at $1,244,381,000 after buying an additional 212,888 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Texas Instruments by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company's stock valued at $778,750,000 after acquiring an additional 129,717 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in shares of Texas Instruments by 7.5% during the second quarter. Diamond Hill Capital Management Inc. now owns 3,132,133 shares of the semiconductor company's stock worth $609,294,000 after acquiring an additional 218,391 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. KeyCorp increased their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Benchmark reissued a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Bank of America reduced their price target on shares of Texas Instruments from $220.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Finally, Robert W. Baird cut their price objective on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $206.95.

Texas Instruments Stock Down 1.9 %

TXN stock traded down $3.85 during midday trading on Wednesday, reaching $197.22. The company had a trading volume of 2,101,170 shares, compared to its average volume of 5,505,617. The company has a 50 day moving average of $204.54 and a two-hundred day moving average of $200.17. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The company has a market capitalization of $179.91 billion, a P/E ratio of 37.37, a PEG ratio of 4.40 and a beta of 0.99.

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

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio (DPR) is currently 101.12%.

Insider Activity at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at $33,233,101.44. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock valued at $5,341,235. Insiders own 0.68% of the company's stock.

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.