Oddo BHF Asset Management Sas Invests $10.01 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Oddo BHF Asset Management Sas bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, HoldingsChannel.com reports. The fund bought 48,460 shares of the semiconductor company’s stock, valued at approximately $10,011,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Texas Instruments by 51.6% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,467 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,200 shares in the last quarter. Swedbank AB raised its stake in shares of Texas Instruments by 42.9% in the second quarter. Swedbank AB now owns 247,328 shares of the semiconductor company’s stock valued at $48,113,000 after acquiring an additional 74,277 shares during the last quarter. Fiduciary Financial Group LLC acquired a new position in shares of Texas Instruments during the second quarter worth approximately $291,000. Miracle Mile Advisors LLC raised its position in shares of Texas Instruments by 7.3% during the 2nd quarter. Miracle Mile Advisors LLC now owns 8,647 shares of the semiconductor company’s stock valued at $1,682,000 after acquiring an additional 591 shares during the last quarter. Finally, Pure Financial Advisors LLC boosted its position in shares of Texas Instruments by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock opened at $188.20 on Friday. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a market cap of $171.68 billion, a P/E ratio of 35.63, a P/E/G ratio of 4.19 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. The business has a fifty day simple moving average of $202.35 and a 200 day simple moving average of $200.61.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the company earned $1.80 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.89%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 101.12%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TXN. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Robert W. Baird reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Mizuho set a $200.00 target price on shares of Texas Instruments in a report on Friday, October 18th. Finally, Wells Fargo & Company started coverage on shares of Texas Instruments in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 target price for the company. 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.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $210.05.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s 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 sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.