Meeder Asset Management Inc. Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Meeder Asset Management Inc. decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,799 shares of the semiconductor company’s stock after selling 3,459 shares during the quarter. Texas Instruments makes up 3.0% of Meeder Asset Management Inc.’s holdings, making the stock its 8th largest holding. Meeder Asset Management Inc.’s holdings in Texas Instruments were worth $45,610,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position in Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after purchasing an additional 1,279,828 shares in the last quarter. Legal & General Group Plc boosted its position in Texas Instruments by 0.8% during the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after purchasing an additional 64,067 shares in the last quarter. Van ECK Associates Corp boosted its position in Texas Instruments by 3.6% during the third quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company’s stock valued at $1,244,381,000 after purchasing an additional 212,888 shares in the last quarter. Fayez Sarofim & Co boosted its position in Texas Instruments by 2.5% during the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock valued at $744,218,000 after purchasing an additional 104,806 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Texas Instruments by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock valued at $778,750,000 after purchasing an additional 129,717 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $207.18 on Tuesday. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The stock has a market cap of $188.99 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. The business has a 50-day simple moving average of $204.51 and a 200-day simple moving average of $200.01.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.12 billion. During the same period in the previous year, the company posted $1.80 earnings per share. Texas Instruments’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. Texas Instruments’s dividend payout ratio is 101.12%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TXN shares. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Bank of America lowered their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley raised their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Evercore ISI raised their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $206.95.

Insider Buying and Selling

In related news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value 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 represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’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 sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,548 shares of company stock valued at $5,341,235. Corporate insiders own 0.68% of the company’s stock.

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.