Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 457,351 shares of the semiconductor company’s stock after purchasing an additional 7,722 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Texas Instruments worth $94,475,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TXN. Tsfg LLC grew its holdings in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the period. Norwood Financial Corp acquired a new stake in Texas Instruments during the first quarter worth about $32,000. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the third quarter worth about $43,000. Tradewinds Capital Management LLC grew its holdings in Texas Instruments by 71.1% during the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 101 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Texas Instruments during the first quarter worth about $44,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 over the last quarter. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Up 2.0 %

Texas Instruments stock traded up $3.97 during trading on Thursday, reaching $205.71. 4,156,590 shares of the company were exchanged, compared to its average volume of 5,474,963. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The company has a market capitalization of $187.82 billion, a P/E ratio of 37.50, a PEG ratio of 4.22 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The stock’s 50 day simple moving average is $203.43 and its two-hundred day simple moving average is $194.99.

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 return on equity of 29.15% and a net margin of 31.60%. The firm 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 business posted $1.80 earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.64%. Texas Instruments’s dividend payout ratio (DPR) is 96.65%.

Wall Street Analyst Weigh In

TXN has been the topic of several analyst reports. KeyCorp raised their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Bank of America dropped their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday. Susquehanna lowered their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $206.95.

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.