Sumitomo Mitsui Trust Group Inc. Boosts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,269,813 shares of the semiconductor company's stock after acquiring an additional 40,185 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Texas Instruments worth $468,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Investment Advisory Services Inc. TX ADV increased its holdings in Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock valued at $612,000 after buying an additional 51 shares in the last quarter. Lansing Street Advisors grew its position in shares of Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock valued at $233,000 after purchasing an additional 51 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock valued at $1,030,000 after purchasing an additional 52 shares during the last quarter. ABLE Financial Group LLC grew its position in shares of Texas Instruments by 2.9% in the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 52 shares during the last quarter. Finally, Verity Asset Management Inc. grew its position in shares of Texas Instruments by 1.1% in the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company's stock valued at $843,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Susquehanna decreased their price target on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and an average price target of $206.95.

Insider Activity

In other news, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the business's stock in a transaction on 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 directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Down 2.0 %

Shares of TXN stock traded down $4.35 during trading hours on Tuesday, reaching $211.52. 1,936,929 shares of the stock traded hands, compared to its average volume of 5,480,838. Texas Instruments Incorporated has a 1-year low of $145.19 and a 1-year high of $220.38. The business has a fifty day moving average price of $203.98 and a 200 day moving average price of $198.97. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $192.95 billion, a PE ratio of 40.12, a PEG ratio of 4.82 and a beta of 0.99.

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, topping 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 period in the previous year, the firm posted $1.80 earnings per share. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $1.36 dividend. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.57%. Texas Instruments's dividend payout ratio is currently 101.12%.

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.