Swiss National Bank Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Swiss National Bank grew its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,702,500 shares of the semiconductor company's stock after purchasing an additional 8,100 shares during the quarter. Swiss National Bank owned approximately 0.30% of Texas Instruments worth $558,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TXN. Tsfg LLC raised its position in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Texas Instruments in the 3rd quarter valued at about $39,000. McClarren Financial Advisors Inc. purchased a new position in Texas Instruments in the 3rd quarter worth approximately $43,000. Friedenthal Financial acquired a new position in shares of Texas Instruments during the 2nd quarter worth approximately $50,000. Finally, Beacon Capital Management LLC grew its position in shares of Texas Instruments by 42.1% in the first quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company's stock valued at $58,000 after purchasing an additional 98 shares in 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 brokerages recently issued reports on TXN. KeyCorp upped their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Barclays cut their price target on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. Jefferies Financial Group lifted their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a "sell" rating in a research report on Wednesday, July 24th. Finally, Citigroup upgraded Texas Instruments from a "neutral" rating to a "buy" rating and lifted their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $206.95.

Texas Instruments Stock Down 2.4 %

Shares of Texas Instruments stock traded down $4.88 during trading on Friday, hitting $201.12. 5,970,371 shares of the stock were exchanged, compared to its average volume of 5,990,772. 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's 50-day moving average price is $204.39 and its 200 day moving average price is $199.79. The stock has a market cap of $183.47 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $150.81 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 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm's revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share. As a group, analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, October 31st. Texas Instruments's payout ratio is presently 101.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now directly owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. This trade represents a 39.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the 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 sale, the vice president now owns 24,112 shares of the company's stock, valued at $5,037,237.92. This trade represents a 10.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 in the last three months. 0.68% of the stock is currently owned by company insiders.

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.