Tenere Capital LLC Takes $5.36 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Tenere Capital LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,943 shares of the semiconductor company’s stock, valued at approximately $5,359,000. Texas Instruments accounts for about 1.4% of Tenere Capital LLC’s holdings, making the stock its 25th biggest holding.

A number of other large investors have also added to or reduced their stakes in TXN. Main Management ETF Advisors LLC bought a new position in Texas Instruments during the 3rd quarter worth $2,725,000. Orion Portfolio Solutions LLC increased its stake in shares of Texas Instruments by 1.5% in the third quarter. Orion Portfolio Solutions LLC now owns 80,501 shares of the semiconductor company’s stock valued at $16,629,000 after buying an additional 1,224 shares during the period. World Investment Advisors LLC raised its position in shares of Texas Instruments by 6,232.3% during the third quarter. World Investment Advisors LLC now owns 172,682 shares of the semiconductor company’s stock worth $35,671,000 after acquiring an additional 169,955 shares during the last quarter. Zacks Investment Management lifted its stake in shares of Texas Instruments by 11.9% in the third quarter. Zacks Investment Management now owns 133,513 shares of the semiconductor company’s stock worth $27,580,000 after acquiring an additional 14,220 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in Texas Instruments by 35.3% in the third quarter. EP Wealth Advisors LLC now owns 29,086 shares of the semiconductor company’s stock valued at $6,008,000 after acquiring an additional 7,595 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % 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 the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated 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 sale, 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. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 0.1 %

TXN stock opened at $193.10 on Friday. The stock has a market cap of $176.15 billion, a P/E ratio of 35.89, a P/E/G ratio of 4.30 and a beta of 0.97. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock’s fifty day simple moving average is $203.28 and its two-hundred day simple moving average is $200.84. Texas Instruments Incorporated has a 1-year low of $154.68 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data 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 business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays cut their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Bank of America lowered their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two 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. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $210.05.

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.