Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by AIA Group Ltd

AIA Group Ltd lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the 3rd quarter, Holdings Channel reports. The firm owned 367,038 shares of the semiconductor company’s stock after selling 10,966 shares during the period. Texas Instruments makes up about 2.0% of AIA Group Ltd’s holdings, making the stock its 8th biggest position. AIA Group Ltd’s holdings in Texas Instruments were worth $75,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TXN. Trinity Legacy Partners LLC lifted its stake in Texas Instruments by 18.6% in the third quarter. Trinity Legacy Partners LLC now owns 2,741 shares of the semiconductor company’s stock valued at $572,000 after buying an additional 429 shares during the last quarter. Consolidated Planning Corp increased its position in Texas Instruments by 44.9% during the 3rd quarter. Consolidated Planning Corp now owns 1,819 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 564 shares during the period. Washington Trust Bank acquired a new stake in Texas Instruments in the third quarter valued at $350,000. Wilkinson Global Asset Management LLC lifted its stake in shares of Texas Instruments by 10.8% in the third quarter. Wilkinson Global Asset Management LLC now owns 388,853 shares of the semiconductor company’s stock valued at $80,325,000 after purchasing an additional 37,822 shares during the period. Finally, Graypoint LLC boosted its stake in shares of Texas Instruments by 1.1% during the 3rd quarter. Graypoint LLC now owns 31,012 shares of the semiconductor company’s stock worth $6,406,000 after acquiring an additional 343 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Robert W. Baird cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus raised their target price on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. boosted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Price Performance

TXN opened at $217.54 on Friday. Texas Instruments Incorporated has a 52 week low of $143.08 and a 52 week high of $218.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm has a market capitalization of $198.44 billion, a PE ratio of 40.43, a P/E/G ratio of 4.70 and a beta of 0.99. The company has a fifty day moving average price of $203.70 and a two-hundred day moving average price of $197.75.

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, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Haviv Ilan sold 1,200 shares of the firm’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 transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock worth $5,341,235. 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.