Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,669 shares of the semiconductor company’s stock after acquiring an additional 2,627 shares during the quarter. Texas Instruments comprises approximately 1.6% of Global X Japan Co. Ltd.’s portfolio, making the stock its 20th largest holding. Global X Japan Co. Ltd.’s holdings in Texas Instruments were worth $12,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AdvisorNet Financial Inc increased its stake in Texas Instruments by 58.6% in the first quarter. AdvisorNet Financial Inc now owns 1,718 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 635 shares during the period. Global Assets Advisory LLC acquired a new position in Texas Instruments in the first quarter valued at $3,047,000. Sound Income Strategies LLC increased its stake in Texas Instruments by 21.8% in the first quarter. Sound Income Strategies LLC now owns 1,007 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 180 shares during the period. Chemistry Wealth Management LLC increased its stake in Texas Instruments by 5.2% in the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after purchasing an additional 62 shares during the period. Finally, Brookstone Capital Management increased its stake in Texas Instruments by 5.7% in the first quarter. Brookstone Capital Management now owns 17,642 shares of the semiconductor company’s stock valued at $3,073,000 after purchasing an additional 955 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 0.9 %

Shares of NASDAQ TXN opened at $193.97 on Wednesday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The company has a market capitalization of $177.10 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 4.32 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The firm’s 50-day moving average is $203.31 and its two-hundred day moving average is $194.94.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.80%. Texas Instruments’s dividend payout ratio is presently 90.28%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group boosted their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Evercore ISI boosted their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Barclays boosted their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $205.95.

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.