Oppenheimer Asset Management Inc. Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Oppenheimer Asset Management Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 17.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,670 shares of the semiconductor company's stock after selling 22,745 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Texas Instruments were worth $21,622,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company's stock valued at $15,778,648,000 after purchasing an additional 536,206 shares during the period. Capital Research Global Investors increased its position in shares of Texas Instruments by 4.7% during the first 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. Legal & General Group Plc increased its position in shares of Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company's stock valued at $1,523,415,000 after purchasing an additional 64,067 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Texas Instruments by 3.6% during 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 acquiring an additional 212,888 shares during the period. Finally, Fayez Sarofim & Co raised its stake in shares of Texas Instruments by 2.5% in the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company's stock valued at $744,218,000 after buying an additional 104,806 shares during the period. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their position. The sale 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 Texas Instruments stock in a transaction that occurred 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 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

TXN has been the topic of several research analyst reports. Truist Financial decreased their price target on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, July 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Robert W. Baird decreased their target price on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, July 24th. Three equities research 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $206.95.

Texas Instruments Stock Down 3.3 %

Shares of NASDAQ:TXN traded down $7.06 during trading on Wednesday, reaching $205.72. 7,921,782 shares of the company traded hands, compared to its average volume of 5,505,816. The firm has a market cap of $187.66 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The firm has a fifty day simple moving average of $204.20 and a 200 day simple moving average of $199.21. 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 1-year low of $148.91 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 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 firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm posted $1.80 EPS. The business's quarterly revenue was down 8.4% on a year-over-year basis. Analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared 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 represents a $5.44 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio is 101.12%.

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.