NFJ Investment Group LLC Has $15.95 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

NFJ Investment Group LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,195 shares of the semiconductor company’s stock after selling 2,362 shares during the period. NFJ Investment Group LLC’s holdings in Texas Instruments were worth $15,946,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Texas Instruments by 4.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after buying an additional 9,608 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted 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 acquiring an additional 65,512 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased 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 valued at $244,386,000 after purchasing an additional 1,029,741 shares during the period. Townsquare Capital LLC raised its holdings in Texas Instruments by 5.9% during 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. Finally, Swiss National Bank lifted its position in shares of Texas Instruments by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock worth $558,255,000 after purchasing an additional 8,100 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective 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. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Susquehanna reduced their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $210.05.

Texas Instruments Trading Down 1.7 %

Shares of TXN traded down $3.39 during mid-day trading on Tuesday, hitting $198.39. 530,061 shares of the company’s stock traded hands, compared to its average volume of 5,532,934. The business’s 50-day moving average price is $204.29 and its 200-day moving average price is $200.89. Texas Instruments Incorporated has a 1 year low of $154.02 and a 1 year high of $220.38. The firm has a market capitalization of $180.98 billion, a P/E ratio of 37.51, a PEG ratio of 4.40 and a beta of 0.97. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last posted 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. 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 last year, the company posted $1.80 EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast 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 issued a dividend of $1.36 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 2.74%. Texas Instruments’s dividend payout ratio is 101.12%.

Insiders Place Their Bets

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s 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 transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The stock was 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 disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

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.