ING Groep NV Sells 207,230 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

ING Groep NV decreased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 53.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,144 shares of the semiconductor company's stock after selling 207,230 shares during the period. ING Groep NV's holdings in Texas Instruments were worth $37,419,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ raised its position in Texas Instruments by 4.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company's stock valued at $45,535,000 after buying an additional 9,608 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Texas Instruments by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company's stock worth $33,909,000 after purchasing an additional 65,512 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of 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 purchasing an additional 1,029,741 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Texas Instruments by 106.4% during the 2nd quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company's stock worth $2,526,000 after purchasing an additional 6,696 shares during the last quarter. Finally, Philip James Wealth Mangement LLC increased its position in shares of Texas Instruments by 335.5% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 5,200 shares of the semiconductor company's stock worth $1,074,000 after purchasing an additional 4,006 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction dated 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 in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares of the company's stock, valued at $2,473,238.94. The trade was a 39.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $5,341,235 in the last three months. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Stock Performance

TXN traded up $0.28 during trading on Thursday, hitting $206.00. The company's stock had a trading volume of 4,782,750 shares, compared to its average volume of 5,502,537. 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 one year low of $150.15 and a one year high of $220.38. The firm has a market cap of $187.92 billion, a PE ratio of 38.24, a P/E/G ratio of 4.65 and a beta of 0.99. The business's 50 day simple moving average is $204.23 and its 200-day simple moving average is $199.26.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly 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 business had revenue of $4.15 billion for 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 quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $1.80 earnings per share. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Evercore ISI lifted their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group lifted their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $206.95.

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.