BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Lowers Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 12.8% in the third quarter, Holdings Channel.com reports. The firm owned 151,917 shares of the semiconductor company’s stock after selling 22,393 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Texas Instruments were worth $31,381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 4.2% during the third 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 acquiring an additional 782,053 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Texas Instruments by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock worth $1,664,998,000 after purchasing an additional 36,441 shares during the period. Legal & General Group Plc increased its position in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Texas Instruments by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company’s stock valued at $1,605,861,000 after acquiring an additional 124,712 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Texas Instruments by 3.6% in the third quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company’s stock worth $1,244,381,000 after buying an additional 212,888 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXN. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Evercore ISI increased their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Bank of America lowered their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays cut their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Stock Performance

NASDAQ TXN opened at $201.03 on Friday. 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 Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38. The business has a 50 day simple moving average of $204.29 and a two-hundred day simple moving average of $200.78. The stock has a market capitalization of $183.38 billion, a PE ratio of 37.37, a P/E/G ratio of 4.36 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared 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 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 dividend on an annualized basis and a dividend yield of 2.71%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insiders Place Their Bets

In related news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Texas Instruments 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.