Versor Investments LP acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,438 shares of the semiconductor company's stock, valued at approximately $917,000.
A number of other hedge funds also recently modified their holdings of the stock. Capital Research Global Investors increased its position in Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company's stock worth $5,002,522,000 after acquiring an additional 1,279,828 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Texas Instruments by 454.5% during the second 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 period. International Assets Investment Management LLC raised its position in shares of Texas Instruments by 17,253.3% in the third 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company's stock valued at $15,778,648,000 after buying an additional 536,206 shares during the period. Finally, National Bank of Canada FI grew its position in 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 buying an additional 520,073 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.
Texas Instruments Trading Down 3.3 %
Shares of Texas Instruments stock traded down $7.06 on Wednesday, reaching $205.72. 7,921,782 shares of the company's stock were exchanged, compared to its average volume of 5,505,816. The company has a market capitalization of $187.66 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $148.91 and a 52 week high of $220.38. 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 firm's 50-day moving average is $204.20 and its two-hundred day moving average is $199.21.
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, 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 analyst estimates of $4.12 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. Texas Instruments's revenue was down 8.4% on a year-over-year basis. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS 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 given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments's payout ratio is presently 101.12%.
Insider Buying and Selling
In related news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on 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 approximately $4,272,256.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Robert E. Sanchez sold 9,990 shares of the firm's 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 transaction, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company's stock, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Susquehanna reduced their price objective on Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley raised their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $206.95.
Check Out Our Latest Report on TXN
About Texas Instruments
(
Free Report)
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.
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