Plato Investment Management Ltd Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Plato Investment Management Ltd raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 414.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,171 shares of the semiconductor company's stock after acquiring an additional 3,361 shares during the period. Plato Investment Management Ltd's holdings in Texas Instruments were worth $861,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tsfg LLC raised 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 during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments in the third quarter worth about $39,000. McClarren Financial Advisors Inc. purchased a new position in Texas Instruments during the 3rd quarter valued at about $43,000. Friedenthal Financial bought a new position in Texas Instruments during the 2nd quarter valued at approximately $50,000. Finally, Beacon Capital Management LLC lifted its holdings in Texas Instruments by 42.1% in the 1st quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company's stock worth $58,000 after buying an additional 98 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In other news, 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 value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company's stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company's stock, valued at $5,037,237.92. The trade was a 10.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $5,341,235 in the last quarter. 0.68% of the stock is owned by company insiders.

Texas Instruments Price Performance

Shares of TXN stock traded down $4.88 during trading hours on Friday, hitting $201.12. The stock had a trading volume of 5,969,072 shares, compared to its average volume of 5,504,648. The stock has a market capitalization of $183.47 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 4.50 and a beta of 0.99. The stock's 50-day moving average price is $204.32 and its two-hundred day moving average price is $199.31. 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 Incorporated has a one year low of $150.81 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share 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 firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the firm posted $1.80 earnings per share. Texas Instruments's revenue for the quarter was down 8.4% compared to the same quarter last year. Equities analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. 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 2.70%. Texas Instruments's payout ratio is 101.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TXN shares. Morgan Stanley upped their target price on Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird reduced their price target on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Summit Insights upgraded shares of Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $206.95.

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.