Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Decreased by Baldwin Investment Management LLC

Baldwin Investment Management LLC lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,045 shares of the semiconductor company’s stock after selling 65 shares during the quarter. Baldwin Investment Management LLC’s holdings in Texas Instruments were worth $629,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at about $28,000. Tsfg LLC grew its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Texas Instruments in the 3rd quarter valued at approximately $39,000. McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments in the 3rd quarter worth approximately $43,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity 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 value of $2,085,912.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % 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 a number of research reports. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Morgan Stanley raised their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company began coverage on Texas Instruments in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 price target for the company. Susquehanna cut 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. Finally, Evercore ISI lifted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $210.05.

Texas Instruments Stock Performance

TXN opened at $199.19 on Thursday. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38. The firm has a market capitalization of $181.71 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. The stock’s 50 day moving average price is $204.50 and its two-hundred day moving average price is $200.70. 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 announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (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 business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the company posted $1.80 earnings per share. Texas Instruments’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. 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 2.73%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 101.12%.

About Texas Instruments

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.