Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,460,597 shares of the semiconductor company's stock after selling 104,603 shares during the period. Texas Instruments makes up approximately 0.7% of Royal London Asset Management Ltd.'s holdings, making the stock its 21st largest holding. Royal London Asset Management Ltd. owned approximately 0.16% of Texas Instruments worth $301,716,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC increased its position in 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 bought a new position in Texas Instruments in the third quarter valued at about $39,000. FSA Wealth Management LLC bought a new position in shares of Texas Instruments in the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. bought a new position in Texas Instruments in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Down 1.7 %

NASDAQ:TXN traded down $3.29 during midday trading on Thursday, reaching $193.36. The company had a trading volume of 1,392,072 shares, compared to its average volume of 5,539,995. 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 firm has a market capitalization of $176.39 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 4.31 and a beta of 0.97. The stock's fifty day simple moving average is $203.92 and its 200-day simple moving average is $200.92. Texas Instruments Incorporated has a 12-month low of $154.68 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.80 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.81%. Texas Instruments's dividend payout ratio is 101.12%.

Analyst Ratings Changes

A number of research analysts recently weighed in on TXN shares. Benchmark reissued a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Wells Fargo & Company started coverage on Texas Instruments in a research report on Friday, November 22nd. They set an "equal weight" rating and a $215.00 target price on the stock. Robert W. Baird decreased their price objective on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Morgan Stanley boosted 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and an average target price of $210.05.

Insider Buying and Selling

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm'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 completion of the sale, the director now owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction 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 transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

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.