Oddo BHF Asset Management Sas Invests $10.01 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Oddo BHF Asset Management Sas purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,460 shares of the semiconductor company's stock, valued at approximately $10,011,000.

Several other institutional investors also recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments in the third quarter worth $28,000. Tsfg LLC grew its holdings in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Texas Instruments in the 3rd quarter valued at $39,000. FSA Wealth Management LLC purchased a new stake in shares of Texas Instruments in the third quarter worth about $41,000. Finally, McClarren Financial Advisors Inc. bought a new position in Texas Instruments during the third quarter valued at $43,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Texas Instruments Stock Down 0.1 %

NASDAQ TXN traded down $0.12 during trading hours on Friday, hitting $191.59. The company had a trading volume of 4,772,755 shares, compared to its average volume of 5,546,320. The company has a market capitalization of $174.77 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 4.19 and a beta of 0.97. The firm's 50 day moving average is $202.35 and its 200 day moving average is $200.61. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. 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 (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments's quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.80 earnings per share. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments's payout ratio is presently 101.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Evercore ISI upped their target price on Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Barclays decreased 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 report on Wednesday, October 23rd. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and upped their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $210.05.

About Texas Instruments

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.