Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by BDF Gestion

BDF Gestion raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 100.0% in the 3rd quarter, Holdings Channel reports. The fund owned 54,162 shares of the semiconductor company’s stock after acquiring an additional 27,081 shares during the period. Texas Instruments accounts for approximately 1.0% of BDF Gestion’s holdings, making the stock its 17th biggest position. BDF Gestion’s holdings in Texas Instruments were worth $11,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in Texas Instruments during the fourth quarter worth about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Westend Capital Management LLC acquired a new stake in shares of Texas Instruments in the 1st quarter worth approximately $31,000. Norwood Financial Corp purchased a new position in Texas Instruments in the 1st quarter valued at approximately $32,000. Finally, Creekmur Asset Management LLC acquired a new position in Texas Instruments during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 4.4 %

Texas Instruments stock traded down $9.15 during midday trading on Tuesday, reaching $199.51. The stock had a trading volume of 3,436,983 shares, compared to its average volume of 5,450,767. The stock has a market capitalization of $181.65 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The stock’s 50-day simple moving average is $202.48 and its 200 day simple moving average is $193.79. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the firm posted $1.87 earnings per share. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. Analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 84.87%.

Insiders Place Their Bets

In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock worth $3,255,323 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TXN. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Monday. The Goldman Sachs Group raised their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. Evercore ISI raised their price objective on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Finally, Stifel Nicolaus raised their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $205.65.

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.