BBVA USA Bancshares Inc. boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 45.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,200 shares of the semiconductor company’s stock after purchasing an additional 13,737 shares during the period. BBVA USA Bancshares Inc.’s holdings in Texas Instruments were worth $5,712,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Private Trust Co. NA grew its position in shares of Texas Instruments by 3.3% in the 2nd quarter. Private Trust Co. NA now owns 8,927 shares of the semiconductor company’s stock valued at $1,024,000 after buying an additional 281 shares during the last quarter. Baystate Wealth Management LLC grew its position in shares of Texas Instruments by 24.1% in the 2nd quarter. Baystate Wealth Management LLC now owns 875 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 170 shares during the last quarter. Metropolis Capital Ltd bought a new stake in shares of Texas Instruments in the 2nd quarter valued at about $8,750,000. Rockland Trust Co. grew its position in shares of Texas Instruments by 13.0% in the 2nd quarter. Rockland Trust Co. now owns 5,382 shares of the semiconductor company’s stock valued at $618,000 after buying an additional 621 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of Texas Instruments by 78.9% in the 2nd quarter. WINTON GROUP Ltd now owns 197,739 shares of the semiconductor company’s stock valued at $22,693,000 after buying an additional 87,218 shares during the last quarter. 85.49% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on TXN shares. Royal Bank of Canada reduced their price target on Texas Instruments to $124.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. BidaskClub lowered Texas Instruments from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Barclays upped their target price on Texas Instruments from $105.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. BMO Capital Markets upped their target price on Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Mizuho cut their target price on Texas Instruments from $116.00 to $113.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $120.97.
Shares of NASDAQ:TXN opened at $120.11 on Monday. The business’s 50 day simple moving average is $125.47 and its two-hundred day simple moving average is $119.20. The firm has a market cap of $112.04 billion, a P/E ratio of 22.16, a PEG ratio of 2.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.32 and a current ratio of 4.34. Texas Instruments Incorporated has a 52-week low of $87.70 and a 52-week high of $132.20.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 58.00% and a net margin of 35.10%. The company’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 4.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be issued a $0.90 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $3.60 annualized dividend and a yield of 3.00%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s dividend payout ratio is presently 66.42%.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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