Chartwell Investment Partners LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,201 shares of the semiconductor company's stock after buying an additional 3,702 shares during the quarter. Chartwell Investment Partners LLC's holdings in Texas Instruments were worth $11,196,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ boosted its position in Texas Instruments by 4.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company's stock worth $45,535,000 after buying an additional 9,608 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Texas Instruments by 60.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company's stock valued at $33,909,000 after purchasing an additional 65,512 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Texas Instruments by 454.5% during the 2nd 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 last quarter. GAMMA Investing LLC lifted its holdings in Texas Instruments by 106.4% during the 2nd quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company's stock worth $2,526,000 after buying an additional 6,696 shares during the period. Finally, Philip James Wealth Mangement LLC lifted its holdings in Texas Instruments by 335.5% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 5,200 shares of the semiconductor company's stock worth $1,074,000 after buying an additional 4,006 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.
TXN has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. KeyCorp boosted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group lifted their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $206.95.
Get Our Latest Analysis on TXN
TXN opened at $220.29 on Monday. Texas Instruments Incorporated has a fifty-two week low of $143.08 and a fifty-two 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's 50-day moving average is $203.95 and its 200 day moving average is $198.68. The firm has a market capitalization of $200.95 billion, a P/E ratio of 40.95, a PEG ratio of 4.82 and a beta of 0.99.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS 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 during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business posted $1.80 earnings per share. Texas Instruments's revenue was down 8.4% on a year-over-year basis. Research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.47%. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments's payout ratio is presently 101.12%.
In other news, VP Shanon J. Leonard sold 2,816 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert E. Sanchez sold 9,990 shares of the company'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 transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the firm's 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 sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by company insiders.
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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