Mawer Investment Management Ltd. Has $70.12 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Mawer Investment Management Ltd. lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 339,440 shares of the semiconductor company’s stock after selling 1,533 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Texas Instruments were worth $70,118,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC increased its stake in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in Texas Instruments during the 3rd quarter worth $39,000. McClarren Financial Advisors Inc. bought a new position in Texas Instruments during the 3rd quarter worth $43,000. Finally, Friedenthal Financial bought a new position in Texas Instruments during the 2nd quarter worth $50,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock traded up $2.52 during trading hours on Monday, reaching $203.64. The stock had a trading volume of 20,738 shares, compared to its average volume of 5,480,065. The firm has a market capitalization of $185.76 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 4.40 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. The firm has a 50-day simple moving average of $204.39 and a 200-day simple moving average of $199.79. Texas Instruments Incorporated has a twelve month low of $151.27 and a twelve month high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.12 billion. During the same quarter in the previous year, the company earned $1.80 earnings per share. The business’s revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently announced 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 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 2.67%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio is 101.12%.

Insider Buying and Selling

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This trade represents a 10.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated 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 transaction, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock valued at $5,341,235 over the last ninety days. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Bank of America dropped their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Truist Financial dropped their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $206.95.

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.