Oppenheimer & Co. Inc. Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Oppenheimer & Co. Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,109 shares of the semiconductor company's stock after selling 7,505 shares during the period. Oppenheimer & Co. Inc.'s holdings in Texas Instruments were worth $12,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Tsfg LLC grew its holdings in Texas Instruments by 82.0% in 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 purchased a new position in Texas Instruments during the 3rd quarter worth approximately $39,000. McClarren Financial Advisors Inc. purchased a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $43,000. Friedenthal Financial purchased a new position in shares of Texas Instruments in the 2nd quarter valued at approximately $50,000. Finally, Beacon Capital Management LLC boosted its stake in shares of Texas Instruments by 42.1% in the first quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company's stock valued at $58,000 after buying an additional 98 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business'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 value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares of the company's stock, valued at $2,473,238.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business'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 transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. The trade was a 0.00 % decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Stock Performance

TXN stock traded down $7.06 during mid-day trading on Wednesday, hitting $205.72. 7,921,782 shares of the company were exchanged, compared to its average volume of 5,505,816. Texas Instruments Incorporated has a 1-year low of $148.91 and a 1-year high of $220.38. The business has a 50 day simple moving average of $204.20 and a 200-day simple moving average of $199.21. The stock has a market capitalization of $187.66 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. 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 (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.12 billion. During the same period last year, the firm posted $1.80 earnings per share. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.64%. The ex-dividend date was Thursday, October 31st. Texas Instruments's payout ratio is 101.12%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TXN. Stifel Nicolaus lifted their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 18th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Finally, Bank of America lowered their target price on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Three equities 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 company's stock. Based on data from MarketBeat, the stock presently 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.