Quantinno Capital Management LP Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Quantinno Capital Management LP grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 27.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,358 shares of the semiconductor company's stock after purchasing an additional 27,573 shares during the period. Quantinno Capital Management LP's holdings in Texas Instruments were worth $26,308,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Point72 Italy S.r.l. bought a new stake in shares of Texas Instruments in the 3rd quarter valued at about $10,608,000. Polar Asset Management Partners Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter valued at about $15,142,000. IHT Wealth Management LLC lifted its stake in shares of Texas Instruments by 29.0% in the 3rd quarter. IHT Wealth Management LLC now owns 17,619 shares of the semiconductor company's stock valued at $3,619,000 after acquiring an additional 3,963 shares during the last quarter. Investment Management Corp of Ontario lifted its stake in shares of Texas Instruments by 48.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 30,260 shares of the semiconductor company's stock valued at $6,251,000 after acquiring an additional 9,900 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Texas Instruments by 9.4% in the 3rd quarter. HighTower Advisors LLC now owns 760,062 shares of the semiconductor company's stock valued at $156,950,000 after acquiring an additional 65,415 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded down $4.33 during trading on Thursday, hitting $192.32. 2,179,129 shares of the company's stock traded hands, compared to its average volume of 5,543,411. The business has a 50-day simple moving average of $203.92 and a 200-day simple moving average of $200.92. 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 stock has a market capitalization of $175.44 billion, a P/E ratio of 36.55, a PEG ratio of 4.31 and a beta of 0.97. Texas Instruments Incorporated has a 1 year low of $154.68 and a 1 year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company posted $1.80 earnings per share. As a group, analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders 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. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. Texas Instruments's dividend payout ratio is currently 101.12%.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction 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 owns 20,461 shares of the company's stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TXN. Mizuho set a $200.00 price target on Texas Instruments in a report on Friday, October 18th. Evercore ISI boosted their price target on Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Benchmark restated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Barclays reduced their price target on 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, Citigroup upgraded Texas Instruments from a "neutral" rating to a "buy" rating and boosted their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average 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.