Swedbank AB Buys 79,796 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Swedbank AB boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 32.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 327,124 shares of the semiconductor company's stock after purchasing an additional 79,796 shares during the period. Swedbank AB's holdings in Texas Instruments were worth $67,574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ lifted its holdings 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 valued at $45,535,000 after buying an additional 9,608 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Texas Instruments by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company's stock valued at $33,909,000 after acquiring an additional 65,512 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Texas Instruments by 454.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock valued at $244,386,000 after acquiring an additional 1,029,741 shares during the last quarter. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 6,696 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Texas Instruments by 0.3% in the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company's stock worth $558,255,000 after purchasing an additional 8,100 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 completion of the sale, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded up $4.93 during midday trading on Monday, hitting $202.93. The company had a trading volume of 9,272,477 shares, compared to its average volume of 5,566,759. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38. 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 business's 50 day simple moving average is $204.54 and its two-hundred day simple moving average is $200.61. The stock has a market cap of $185.12 billion, a PE ratio of 37.72, a P/E/G ratio of 4.33 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same period in the previous year, the business posted $1.80 earnings per share. The firm's revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.68%. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments's dividend payout ratio is presently 101.12%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TXN shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Wells Fargo & Company began coverage on Texas Instruments in a research report on Friday. They set an "equal weight" rating and a $215.00 price target on the stock. Truist Financial dropped their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Barclays dropped their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Finally, Benchmark reaffirmed a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $210.05.

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.