Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 186,682 shares of the semiconductor company’s stock after buying an additional 14,249 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Texas Instruments were worth $38,563,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TXN. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments in the 3rd quarter worth approximately $28,000. Tsfg LLC raised its holdings in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the third quarter valued at $39,000. McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter valued at $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Texas Instruments in the 3rd quarter worth about $45,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Susquehanna dropped their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Finally, 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 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $210.05.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were 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 of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction on Friday, October 25th. The stock was 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 in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 0.9 %

Shares of TXN stock opened at $199.19 on Friday. The company has a 50 day simple moving average of $204.33 and a two-hundred day simple moving average of $200.69. The stock has a market cap of $181.71 billion, a P/E ratio of 37.02, a P/E/G ratio of 4.36 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter 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, research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 101.12%.

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.