Pitcairn Co. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 7.1% during the third quarter, Holdings Channel reports. The fund owned 10,281 shares of the semiconductor company’s stock after selling 787 shares during the quarter. Pitcairn Co.’s holdings in Texas Instruments were worth $2,124,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Texas Instruments by 454.5% in the second 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. Charles Schwab Investment Management Inc. grew its stake in shares of Texas Instruments by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after buying an additional 782,053 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after buying an additional 609,905 shares during the last quarter. National Bank of Canada FI raised its position in shares of Texas Instruments by 234.1% in the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock worth $144,423,000 after buying an additional 520,073 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in Texas Instruments by 37.2% in the second quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company’s stock valued at $324,259,000 after acquiring an additional 451,862 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Insider Transactions at Texas Instruments
In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 11.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,968 shares of company stock worth $3,126,464. Insiders own 0.68% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on TXN
Texas Instruments Price Performance
Shares of NASDAQ:TXN opened at $198.00 on Friday. The company has a market cap of $180.62 billion, a PE ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. Texas Instruments Incorporated has a fifty-two week low of $151.27 and a fifty-two week high of $220.38. The firm has a 50-day simple moving average of $204.45 and a 200 day simple moving average of $200.38. 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 – Get Free Report) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.
Texas Instruments Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders 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 was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. Texas Instruments’s payout ratio is 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.
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