Wellington Management Group LLP Has $4.55 Billion Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Wellington Management Group LLP lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,047,525 shares of the semiconductor company's stock after selling 2,787,013 shares during the quarter. Texas Instruments accounts for 0.8% of Wellington Management Group LLP's investment portfolio, making the stock its 18th biggest position. Wellington Management Group LLP owned 2.42% of Texas Instruments worth $4,554,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of TXN. Wahed Invest LLC lifted its holdings in Texas Instruments by 11.0% in the 3rd quarter. Wahed Invest LLC now owns 21,956 shares of the semiconductor company's stock worth $4,535,000 after buying an additional 2,181 shares in the last quarter. Wills Financial Group Inc. increased its position in shares of Texas Instruments by 2.7% during the third quarter. Wills Financial Group Inc. now owns 4,409 shares of the semiconductor company's stock worth $911,000 after acquiring an additional 114 shares during the last quarter. Taika Capital LP purchased a new stake in shares of Texas Instruments during the third quarter worth about $4,394,000. Texas Capital Bank Wealth Management Services Inc lifted its stake in shares of Texas Instruments by 30.4% in the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 6,557 shares of the semiconductor company's stock worth $1,354,000 after acquiring an additional 1,527 shares in the last quarter. Finally, State Street Corp boosted its holdings in Texas Instruments by 0.9% in the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock valued at $8,609,679,000 after purchasing an additional 391,306 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TXN shares. Bank of America dropped their price objective on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, October 18th. Susquehanna decreased their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a report on Monday, October 21st. Robert W. Baird cut their target price on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays decreased their price target on 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $210.05.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $0.11 during mid-day trading on Friday, hitting $193.10. The stock had a trading volume of 5,140,477 shares, compared to its average volume of 5,975,169. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The company has a 50 day simple moving average of $203.60 and a 200-day simple moving average of $200.87. The stock has a market capitalization of $176.15 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 4.30 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $154.68 and a 52 week high of $220.38.

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, beating analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.12 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. The business's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders 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. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.82%. Texas Instruments's dividend payout ratio is presently 101.12%.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments 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 of the company's stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction 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 32.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

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.