Principal Street Partners LLC Has $6.71 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Principal Street Partners LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 19.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,615 shares of the semiconductor company's stock after selling 7,767 shares during the quarter. Texas Instruments accounts for 1.1% of Principal Street Partners LLC's portfolio, making the stock its 18th largest holding. Principal Street Partners LLC's holdings in Texas Instruments were worth $6,712,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund increased its position 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 valued at $244,386,000 after acquiring an additional 1,029,741 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 782,053 shares during the last quarter. International Assets Investment Management LLC increased 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 buying an additional 609,905 shares during the period. National Bank of Canada FI raised its position in shares of Texas Instruments by 234.1% during the second quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company's stock worth $144,423,000 after acquiring an additional 520,073 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Texas Instruments by 37.2% during 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 acquiring an additional 451,862 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on TXN shares. Wells Fargo & Company initiated coverage on Texas Instruments in a report on Friday. They set an "equal weight" rating and a $215.00 price objective for the company. Mizuho set a $200.00 price objective on shares of Texas Instruments in a report on Friday, October 18th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $210.05.

Texas Instruments Stock Down 1.0 %

Shares of TXN traded down $1.98 during mid-day trading on Tuesday, hitting $200.95. 5,218,677 shares of the company's stock were exchanged, compared to its average volume of 5,565,240. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. The company has a market cap of $183.31 billion, a PE ratio of 37.72, a P/E/G ratio of 4.33 and a beta of 0.99. The company has a 50-day simple moving average of $204.54 and a 200 day simple moving average of $200.61.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm 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 company's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments's dividend payout ratio (DPR) is 101.12%.

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.