Nordea Investment Management AB trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,052 shares of the semiconductor company’s stock after selling 4,929 shares during the period. Nordea Investment Management AB’s holdings in Texas Instruments were worth $40,285,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of Texas Instruments by 0.9% during the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after acquiring an additional 391,306 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after purchasing an additional 487,892 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after purchasing an additional 782,053 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Texas Instruments by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock valued at $1,664,998,000 after purchasing an additional 36,441 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after buying an additional 64,067 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Texas Instruments
In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.
Texas Instruments Stock Up 0.0 %
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued 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 net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business earned $1.80 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Bank of America decreased their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company assumed coverage on Texas Instruments in a report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 target price for the company. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $210.05.
Read Our Latest Stock Analysis on Texas Instruments
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.
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