Exchange Traded Concepts LLC Boosts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Exchange Traded Concepts LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 18.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,135 shares of the semiconductor company’s stock after purchasing an additional 973 shares during the period. Exchange Traded Concepts LLC’s holdings in Texas Instruments were worth $1,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ raised its stake in Texas Instruments by 4.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock worth $45,535,000 after acquiring an additional 9,608 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Texas Instruments by 16.9% during the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after purchasing an additional 145,328 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Texas Instruments by 60.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock worth $33,909,000 after purchasing an additional 65,512 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Texas Instruments by 185.7% in the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after purchasing an additional 205,676 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Texas Instruments by 454.5% in the 2nd 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. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $200.69 on Thursday. The firm has a 50 day moving average of $203.07 and a 200-day moving average of $194.02. The company has a market cap of $182.72 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 4.54 and a beta of 0.98. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments’s revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 earnings per share. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.71%. Texas Instruments’s payout ratio is currently 84.87%.

Analyst Upgrades and Downgrades

Several research firms have commented on TXN. Evercore ISI lifted their price target on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Truist Financial lowered their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. The Goldman Sachs Group upped their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley boosted their price target on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $205.65.

Insider Activity at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. 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.