Fmr LLC Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Fmr LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,702,653 shares of the semiconductor company’s stock after acquiring an additional 106,002 shares during the period. Fmr LLC’s holdings in Texas Instruments were worth $558,287,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TXN. Healthcare of Ontario Pension Plan Trust Fund raised its position in Texas Instruments by 454.5% in 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 acquiring an additional 1,029,741 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Texas Instruments by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after purchasing an additional 782,053 shares during the period. International Assets Investment Management LLC raised its position in shares of Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after purchasing an additional 609,905 shares during the period. National Bank of Canada FI raised its position in shares of Texas Instruments by 234.1% during the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock valued at $144,423,000 after purchasing an additional 520,073 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of Texas Instruments by 37.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company’s stock valued at $324,259,000 after purchasing an additional 451,862 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated 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 owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TXN has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a research report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 price objective on the stock. Susquehanna decreased their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Barclays reduced their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Price Performance

TXN stock opened at $199.19 on Friday. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38. 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 moving average price of $204.33 and a 200 day moving average price of $200.69. The stock has a market cap of $181.71 billion, a PE ratio of 37.02, a P/E/G ratio of 4.44 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the company earned $1.80 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.73%. Texas Instruments’s payout ratio is currently 101.12%.

Texas Instruments 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.