Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,278,999 shares of the semiconductor company's stock after selling 724,290 shares during the quarter. Texas Instruments makes up 0.6% of The Manufacturers Life Insurance Company's investment portfolio, making the stock its 29th largest position. The Manufacturers Life Insurance Company owned approximately 0.36% of Texas Instruments worth $677,351,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TXN. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments during the third quarter worth approximately $28,000. Tsfg LLC raised its stake in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the third quarter valued at $39,000. McClarren Financial Advisors Inc. acquired a new position in Texas Instruments in the third quarter valued at $43,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Texas Instruments during the third quarter worth about $45,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value 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. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research analyst reports. Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Barclays lowered their target price on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. Truist Financial reduced 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 report on Wednesday, October 23rd. Morgan Stanley raised 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. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and an average price target of $210.05.

Texas Instruments Price Performance

TXN traded down $1.98 during trading on Tuesday, reaching $200.95. 5,218,677 shares of the 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. The company has a market capitalization of $183.31 billion, a price-to-earnings ratio of 37.35, a P/E/G ratio of 4.33 and a beta of 0.99. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The business's 50 day moving average price is $204.53 and its two-hundred day moving average price is $200.71.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 EPS. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current 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. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.71%. Texas Instruments's payout ratio is presently 101.12%.

Texas Instruments 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.