Texas Instruments Incorporated (NASDAQ:TXN) Stake Lessened by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 86.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 173,568 shares of the semiconductor company's stock after selling 1,082,721 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Texas Instruments were worth $35,854,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Insight Wealth Partners LLC raised its stake in Texas Instruments by 0.7% during the third quarter. Insight Wealth Partners LLC now owns 9,358 shares of the semiconductor company's stock worth $1,933,000 after purchasing an additional 67 shares during the period. Townsquare Capital LLC increased its position in shares of Texas Instruments by 5.9% during the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company's stock valued at $19,353,000 after acquiring an additional 5,201 shares during the last quarter. Avestar Capital LLC increased its position in shares of Texas Instruments by 14.2% during the third quarter. Avestar Capital LLC now owns 5,380 shares of the semiconductor company's stock valued at $1,111,000 after acquiring an additional 670 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Texas Instruments by 9.2% in the third quarter. Brooklyn Investment Group now owns 5,677 shares of the semiconductor company's stock valued at $1,173,000 after purchasing an additional 479 shares in the last quarter. Finally, Covington Investment Advisors Inc. grew its holdings in shares of Texas Instruments by 0.7% in the third quarter. Covington Investment Advisors Inc. now owns 62,028 shares of the semiconductor company's stock valued at $12,813,000 after purchasing an additional 430 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TXN shares. Truist Financial decreased their price target on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. Morgan Stanley upped their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 23rd. 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. Bank of America cut their price target on shares of Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and a consensus target price of $210.05.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred 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 owns 14,323 shares in the company, valued at $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 currently owned by corporate insiders.

Texas Instruments Trading Down 0.9 %

Shares of TXN traded down $1.76 during mid-day trading on Thursday, hitting $199.19. The company had a trading volume of 4,730,481 shares, compared to its average volume of 5,561,799. The business's 50-day simple moving average is $204.50 and its 200-day simple moving average is $200.70. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38. The stock has a market cap of $181.71 billion, a PE ratio of 37.02, a P/E/G ratio of 4.44 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released 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. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.12 billion. During the same period last year, the company earned $1.80 earnings per share. The company's quarterly revenue was down 8.4% on a year-over-year basis. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.73%. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments's payout ratio is 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.