BNP Paribas Has $71,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

BNP Paribas decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 345 shares of the semiconductor company’s stock after selling 79 shares during the period. BNP Paribas’ holdings in Texas Instruments were worth $71,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TXN. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments in the 3rd quarter valued at $28,000. Tsfg LLC grew its position in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP acquired a new stake in Texas Instruments in the 3rd quarter valued at $39,000. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments in the 3rd quarter valued at $43,000. Finally, Darwin Wealth Management LLC acquired a new stake in Texas Instruments in the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.9 %

NASDAQ TXN opened at $199.19 on Thursday. The business’s fifty day moving average is $204.50 and its 200-day moving average is $200.70. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. The stock has a market capitalization of $181.71 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 4.44 and a beta of 0.99. 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 (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping 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 company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm posted $1.80 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company 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. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a 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 (DPR) is 101.12%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Mizuho set a $200.00 price target on shares of Texas Instruments in a research report on Friday, October 18th. Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Morgan Stanley raised their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Two research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $210.05.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction dated 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 completion of the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The shares were 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 $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 currently owned by 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.