Townsquare Capital LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,689 shares of the semiconductor company's stock after acquiring an additional 5,201 shares during the quarter. Townsquare Capital LLC's holdings in Texas Instruments were worth $19,353,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in 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 worth $244,386,000 after buying an additional 1,029,741 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company's stock valued at $3,976,562,000 after purchasing an additional 782,053 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Texas Instruments by 17,253.3% in the 3rd 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 in the last quarter. National Bank of Canada FI raised its stake in shares of Texas Instruments by 234.1% in the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company's stock valued at $144,423,000 after purchasing an additional 520,073 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Texas Instruments by 37.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company's stock valued at $324,259,000 after purchasing an additional 451,862 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.
Texas Instruments Price Performance
TXN stock traded down $2.54 during trading on Wednesday, hitting $198.41. 1,490,060 shares of the stock traded hands, compared to its average volume of 5,547,241. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. The stock has a market cap of $180.99 billion, a price-to-earnings ratio of 37.35, a P/E/G ratio of 4.44 and a beta of 0.99. The company has a 50 day simple moving average of $204.53 and a 200 day simple moving average of $200.71. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.12 billion. During the same quarter last year, the company posted $1.80 EPS. The company's quarterly revenue was down 8.4% compared to the same quarter last year. Equities analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.
Texas Instruments Increases Dividend
The company also recently disclosed 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 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 2.74%. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Rosenblatt Securities restated a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Truist Financial decreased their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Robert W. Baird cut their target price on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Finally, Evercore ISI increased their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $210.05.
Check Out Our Latest Stock Report on Texas Instruments
Insider Buying and Selling
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 value of $2,085,912.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction on 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 directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.
About Texas Instruments
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Free Report)
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.
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