Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Simmons Bank

Simmons Bank grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,498 shares of the semiconductor company’s stock after purchasing an additional 304 shares during the period. Simmons Bank’s holdings in Texas Instruments were worth $6,920,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Texas Instruments by 454.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after acquiring an additional 1,029,741 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Texas Instruments by 17,253.3% in the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after acquiring an additional 609,905 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after acquiring an additional 536,206 shares during the period. Finally, National Bank of Canada FI raised its holdings in Texas Instruments by 234.1% during the second quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock worth $144,423,000 after purchasing an additional 520,073 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXN. Stifel Nicolaus lifted their price target on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Susquehanna lowered 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. KeyCorp increased their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Price Performance

Shares of TXN opened at $212.78 on Wednesday. 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 cap of $194.10 billion, a PE ratio of 39.55, a PEG ratio of 4.72 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $145.19 and a twelve month high of $220.38. The firm’s 50 day moving average price is $204.20 and its 200 day moving average price is $199.21.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the business posted $1.80 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.56%. Texas Instruments’s payout ratio is currently 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.