Zurcher Kantonalbank Zurich Cantonalbank Acquires 14,249 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,682 shares of the semiconductor company's stock after purchasing an additional 14,249 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Texas Instruments were worth $38,563,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TXN. Cahill Financial Advisors Inc. increased its stake in shares of Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company's stock valued at $298,000 after buying an additional 49 shares in the last quarter. KCM Investment Advisors LLC increased its position in Texas Instruments by 1.4% in the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock valued at $738,000 after acquiring an additional 50 shares in the last quarter. Investment Advisory Services Inc. TX ADV raised its stake in shares of Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock worth $612,000 after acquiring an additional 51 shares during the last quarter. Lansing Street Advisors lifted its position in shares of Texas Instruments by 4.7% during the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock worth $233,000 after purchasing an additional 51 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Texas Instruments by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock valued at $1,030,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 0.9 %

NASDAQ:TXN traded up $1.84 on Friday, hitting $201.03. 3,167,423 shares of the company's stock were exchanged, compared to its average volume of 5,551,441. The firm has a 50-day moving average price of $204.29 and a 200-day moving average price of $200.78. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. 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 cap of $183.38 billion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 4.36 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share 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 analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. This is a positive change 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 dividend payout ratio is currently 101.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business's 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 $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TXN. Barclays decreased their price target on Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Evercore ISI lifted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Susquehanna dropped their price target on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and upped their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.