Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 242,387 shares of the semiconductor company’s stock after selling 5,575 shares during the period. MetLife Investment Management LLC’s holdings in Texas Instruments were worth $50,070,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund grew its position in Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock valued at $244,386,000 after acquiring an additional 1,029,741 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after acquiring an additional 782,053 shares during the last quarter. International Assets Investment Management LLC raised its position in Texas Instruments by 17,253.3% during 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 buying an additional 609,905 shares during the period. National Bank of Canada FI boosted its stake in shares of Texas Instruments by 234.1% during the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock valued at $144,423,000 after buying an additional 520,073 shares during the period. Finally, William Blair Investment Management LLC increased its holdings in Texas Instruments by 37.2% in the second quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company’s stock worth $324,259,000 after buying an additional 451,862 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TXN. Wells Fargo & Company started coverage on shares of Texas Instruments in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 price objective on the stock. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Bank of America decreased their target price 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. Evercore ISI upped their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Stock Performance

Shares of TXN traded down $0.44 during trading hours on Wednesday, hitting $200.51. The company’s stock had a trading volume of 148,051 shares, compared to its average volume of 5,541,337. The company has a market cap of $182.91 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 4.44 and a beta of 0.99. The business has a 50 day simple moving average of $204.53 and a two-hundred day simple moving average of $200.71. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

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. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 earnings per share. On average, equities analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. 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 yield of 2.71%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.