Healthcare of Ontario Pension Plan Trust Fund Sells 1,082,721 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 86.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 173,568 shares of the semiconductor company’s stock after selling 1,082,721 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Texas Instruments were worth $35,854,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Insight Wealth Partners LLC lifted its holdings in Texas Instruments by 0.7% in the 3rd quarter. Insight Wealth Partners LLC now owns 9,358 shares of the semiconductor company’s stock worth $1,933,000 after purchasing an additional 67 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Texas Instruments by 5.9% in the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock worth $19,353,000 after purchasing an additional 5,201 shares during the last quarter. Avestar Capital LLC lifted its holdings in Texas Instruments by 14.2% in the 3rd quarter. Avestar Capital LLC now owns 5,380 shares of the semiconductor company’s stock worth $1,111,000 after purchasing an additional 670 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Texas Instruments by 9.2% in the 3rd quarter. Brooklyn Investment Group now owns 5,677 shares of the semiconductor company’s stock worth $1,173,000 after purchasing an additional 479 shares during the last quarter. Finally, Covington Investment Advisors Inc. lifted its holdings in Texas Instruments by 0.7% in the 3rd quarter. Covington Investment Advisors Inc. now owns 62,028 shares of the semiconductor company’s stock worth $12,813,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $199.19 on Thursday. The business’s fifty day moving average price is $204.50 and its two-hundred day moving average price is $200.70. Texas Instruments Incorporated has a fifty-two week low of $151.27 and a fifty-two week high of $220.38. The stock has a market capitalization of $181.71 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.80 earnings per share. As a group, 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. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.73%. The ex-dividend date was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is presently 101.12%.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction 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 completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction 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 directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TXN shares. Morgan Stanley boosted their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Mizuho set a $200.00 price target on Texas Instruments in a report on Friday, October 18th. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $210.05.

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.