Harvest Fund Management Co. Ltd Buys 65,277 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Harvest Fund Management Co. Ltd boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 228.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,797 shares of the semiconductor company’s stock after acquiring an additional 65,277 shares during the period. Texas Instruments makes up approximately 1.2% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 17th largest holding. Harvest Fund Management Co. Ltd’s holdings in Texas Instruments were worth $19,374,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TXN. Fisher Asset Management LLC lifted its position in Texas Instruments by 5.4% in the third quarter. Fisher Asset Management LLC now owns 298,703 shares of the semiconductor company’s stock worth $61,703,000 after purchasing an additional 15,191 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Texas Instruments by 13.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 184,734 shares of the semiconductor company’s stock worth $38,194,000 after acquiring an additional 22,052 shares during the period. Hartford Funds Management Co LLC acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at about $712,000. Summit Trail Advisors LLC increased its stake in Texas Instruments by 21.5% in the third quarter. Summit Trail Advisors LLC now owns 7,648 shares of the semiconductor company’s stock valued at $1,580,000 after acquiring an additional 1,354 shares during the period. Finally, Cahill Financial Advisors Inc. raised its position in Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TXN shares. Mizuho set a $200.00 price objective on Texas Instruments in a research note on Friday, October 18th. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Truist Financial reduced their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays dropped their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Two 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, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Stock Down 0.1 %

TXN stock opened at $198.00 on Monday. The stock has a market capitalization of $180.62 billion, a P/E ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. The business has a 50-day moving average of $204.45 and a 200-day moving average of $200.49. 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 Incorporated has a fifty-two week low of $151.27 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data 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 business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.75%. 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. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.