Benjamin Edwards Inc. Buys 217,425 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Benjamin Edwards Inc. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2,559.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,920 shares of the semiconductor company's stock after purchasing an additional 217,425 shares during the period. Benjamin Edwards Inc.'s holdings in Texas Instruments were worth $46,671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock worth $244,386,000 after acquiring an additional 1,029,741 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company's stock worth $3,976,562,000 after purchasing an additional 782,053 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Texas Instruments by 17,253.3% in the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company's stock valued at $126,718,000 after purchasing an additional 609,905 shares during the period. National Bank of Canada FI raised its position in Texas Instruments by 234.1% during the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company's stock worth $144,423,000 after purchasing an additional 520,073 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Texas Instruments by 37.2% in the second quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company's stock valued at $324,259,000 after buying an additional 451,862 shares during the period. Institutional investors own 84.99% of the company's stock.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The shares were 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 in the company, valued at $4,272,256.80. This 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.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $0.75 during mid-day trading on Monday, reaching $201.78. The company had a trading volume of 6,373,900 shares, compared to its average volume of 5,537,984. Texas Instruments Incorporated has a one year low of $154.02 and a one year 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 company's 50-day moving average price is $204.29 and its 200-day moving average price is $200.89. The firm has a market cap of $184.07 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 4.40 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 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 the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company's revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.80 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase 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%.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Bank of America lowered their price objective on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley raised their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price target on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price target on shares of Texas Instruments in a research note on Friday, October 18th. 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.