Meeder Asset Management Inc. Sells 3,459 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Meeder Asset Management Inc. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 220,799 shares of the semiconductor company's stock after selling 3,459 shares during the quarter. Texas Instruments comprises about 3.0% of Meeder Asset Management Inc.'s portfolio, making the stock its 8th biggest position. Meeder Asset Management Inc.'s holdings in Texas Instruments were worth $45,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TXN. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC increased its stake in 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 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 $39,000. McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments during the third quarter valued at about $43,000. Finally, Friedenthal Financial bought a new position in shares of Texas Instruments during the second quarter valued at about $50,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company's stock, valued at $2,473,238.94. This represents a 39.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director now directly owns 20,461 shares of the company's stock, valued at $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. Over the last quarter, insiders sold 25,548 shares of company stock worth $5,341,235. Insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

TXN has been the subject of several research analyst reports. Jefferies Financial Group raised their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a "hold" rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Benchmark restated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price objective on shares of Texas Instruments in a report on Friday, October 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Texas Instruments has an average rating of "Hold" and an average target price of $206.95.

Texas Instruments Trading Down 2.9 %

Shares of NASDAQ TXN traded down $6.11 during midday trading on Tuesday, reaching $201.07. 5,568,691 shares of the stock were exchanged, compared to its average volume of 5,515,682. The company has a market capitalization of $183.42 billion, a P/E ratio of 37.37, a P/E/G ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. 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 stock has a 50 day moving average price of $204.54 and a 200-day moving average price of $200.17.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.12 billion. During the same period in the previous year, the company posted $1.80 earnings per share. Texas Instruments's revenue was down 8.4% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced 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. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.71%. Texas Instruments's payout ratio is presently 101.12%.

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.