Texas Instruments Incorporated (NASDAQ:TXN) Stake Raised by Prospera Financial Services Inc

Prospera Financial Services Inc raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,002 shares of the semiconductor company's stock after acquiring an additional 2,593 shares during the quarter. Prospera Financial Services Inc's holdings in Texas Instruments were worth $3,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Texas Instruments by 4.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company's stock worth $45,535,000 after purchasing an additional 9,608 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Texas Instruments by 60.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company's stock worth $33,909,000 after acquiring an additional 65,512 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock worth $244,386,000 after acquiring an additional 1,029,741 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Texas Instruments by 106.4% in the second quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company's stock worth $2,526,000 after acquiring an additional 6,696 shares during the last quarter. Finally, Swiss National Bank lifted its position in Texas Instruments by 0.3% during the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company's stock valued at $558,255,000 after buying an additional 8,100 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 1.4 %

TXN stock opened at $198.19 on Thursday. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38. The firm has a market cap of $180.79 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 4.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The firm has a fifty day moving average price of $204.45 and a two-hundred day moving average price of $200.15.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current 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 issued a dividend of $1.36 per share. This is an increase 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 annualized dividend and a dividend yield of 2.74%. Texas Instruments's payout ratio is 101.12%.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company's stock, valued at $33,233,101.44. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was 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 owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 10.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on TXN shares. Mizuho set a $200.00 price target on shares of Texas Instruments in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Evercore ISI lifted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Finally, Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.