OVERSEA CHINESE BANKING Corp Ltd Has $5.31 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

OVERSEA CHINESE BANKING Corp Ltd trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 66.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,714 shares of the semiconductor company's stock after selling 49,976 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Texas Instruments were worth $5,312,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 0.6% during 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 acquiring an additional 536,206 shares in the last quarter. Capital Research Global Investors boosted its position 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 valued at $5,002,522,000 after buying an additional 1,279,828 shares during the last quarter. Legal & General Group Plc boosted its stake 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 buying an additional 64,067 shares during the last quarter. Van ECK Associates Corp grew its holdings in 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 worth $1,244,381,000 after acquiring an additional 212,888 shares in the last quarter. Finally, Fayez Sarofim & Co grew its position in shares of Texas Instruments by 2.5% in the 1st quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company's stock worth $744,218,000 after acquiring an additional 104,806 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

NASDAQ:TXN traded down $4.96 during mid-day trading on Tuesday, hitting $210.91. The company's stock had a trading volume of 1,301,710 shares, compared to its average volume of 5,477,938. Texas Instruments Incorporated has a fifty-two week low of $145.19 and a fifty-two week high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average of $203.98 and a 200-day moving average of $198.97. The company has a market capitalization of $192.40 billion, a price-to-earnings ratio of 40.12, a P/E/G ratio of 4.82 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data 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 return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the company posted $1.80 earnings per share. The business's revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.58%. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

Insider Activity

In other news, VP Shanon J. Leonard sold 2,816 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company's stock, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $5,341,235 in the last quarter. Company insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TXN. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. KeyCorp upped 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. Susquehanna lowered their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Monday, October 21st. Finally, Morgan Stanley boosted their price target on Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.