Public Sector Pension Investment Board Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Public Sector Pension Investment Board increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,108 shares of the semiconductor company's stock after purchasing an additional 5,100 shares during the quarter. Public Sector Pension Investment Board's holdings in Texas Instruments were worth $8,285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TXN. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments during the third quarter worth about $28,000. Tsfg LLC raised its holdings in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments in the third quarter valued at approximately $39,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Texas Instruments in the third quarter worth approximately $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $45,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

TXN traded up $1.84 during trading on Friday, hitting $201.03. 3,167,423 shares of the stock were exchanged, compared to its average volume of 5,551,441. 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 $151.27 and a 1-year high of $220.38. The stock has a fifty day moving average price of $204.29 and a two-hundred day moving average price of $200.78. The firm has a market capitalization of $183.38 billion, a P/E ratio of 37.37, a PEG ratio of 4.36 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. 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 2.71%. Texas Instruments's dividend payout ratio is currently 101.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Morgan Stanley increased their price target on Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Finally, Robert W. Baird reduced their price target on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus target price of $210.05.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the 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 transaction, the director now directly owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

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.