Toronto Dominion Bank Acquires 121,087 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Toronto Dominion Bank increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 566,362 shares of the semiconductor company's stock after buying an additional 121,087 shares during the period. Toronto Dominion Bank owned about 0.06% of Texas Instruments worth $116,993,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter worth about $28,000. Tsfg LLC lifted its stake in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments in the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC acquired a new stake in Texas Instruments during the third quarter valued at approximately $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

TXN traded up $2.43 during midday trading on Wednesday, hitting $192.61. The company had a trading volume of 1,961,224 shares, compared to its average volume of 5,538,311. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market capitalization of $175.70 billion, a PE ratio of 35.70, a P/E/G ratio of 4.22 and a beta of 0.97. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The firm's 50-day simple moving average is $202.79 and its 200-day simple moving average is $200.73.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $1.80 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio (DPR) is 101.12%.

Insider Activity

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm's 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 directly owns 20,461 shares in the company, valued at approximately $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 accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays cut their target price on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. Benchmark reiterated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Bank of America decreased their target price on shares of Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research 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 company's stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average target price of $210.05.

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.