Olstein Capital Management L.P. Has $4.24 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Olstein Capital Management L.P. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,500 shares of the semiconductor company’s stock after selling 1,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Texas Instruments were worth $4,235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tsfg LLC lifted its stake in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments in the third quarter worth $43,000. Friedenthal Financial acquired a new position in Texas Instruments during the second quarter worth $50,000. Baldwin Brothers LLC MA grew its position in Texas Instruments by 121.3% in the second quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 165 shares in the last quarter. Finally, Key Financial Inc increased its stake in Texas Instruments by 46.9% in the 2nd quarter. Key Financial Inc now owns 313 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Evercore ISI upped their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Susquehanna cut their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Trading Up 0.9 %

TXN traded up $1.99 during trading on Thursday, hitting $216.96. The company’s stock had a trading volume of 337,577 shares, compared to its average volume of 5,469,945. The firm has a market capitalization of $197.92 billion, a P/E ratio of 39.96, a PEG ratio of 4.45 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $143.08 and a twelve month high of $217.38. 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’s fifty day moving average price is $203.70 and its 200-day moving average price is $197.75.

Texas Instruments (NASDAQ:TXN) last released its 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. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.80 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.51%. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was 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 owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were 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 owns 20,461 shares in the company, valued at approximately $4,272,256.80. 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 valued at $5,341,235. 0.68% of the stock is owned by company insiders.

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.