Bank of Nova Scotia Trust Co. Purchases Shares of 1,231 Texas Instruments Incorporated (NASDAQ:TXN)

Bank of Nova Scotia Trust Co. acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) in the first quarter, HoldingsChannel reports. The institutional investor acquired 1,231 shares of the semiconductor company’s stock, valued at approximately $226,000.

A number of other hedge funds also recently made changes to their positions in TXN. BlackRock Inc. increased its position in shares of Texas Instruments by 1.2% during the 4th quarter. BlackRock Inc. now owns 73,785,202 shares of the semiconductor company’s stock worth $13,906,299,000 after purchasing an additional 885,939 shares in the last quarter. State Street Corp increased its position in Texas Instruments by 2.9% in the 4th quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company’s stock valued at $7,582,073,000 after acquiring an additional 1,146,109 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Texas Instruments by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 17,910,932 shares of the semiconductor company’s stock valued at $3,368,472,000 after purchasing an additional 708,848 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,859,029 shares of the semiconductor company’s stock valued at $2,423,543,000 after purchasing an additional 138,933 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Texas Instruments in the 4th quarter valued at about $1,534,890,000. Institutional investors and hedge funds own 83.96% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of several research analyst reports. Sanford C. Bernstein raised their target price on shares of Texas Instruments to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. DZ Bank cut shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research report on Tuesday, July 5th. StockNews.com raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, June 1st. Credit Suisse Group reduced their target price on shares of Texas Instruments from $200.00 to $195.00 in a research report on Wednesday, April 27th. Finally, Susquehanna cut their price objective on shares of Texas Instruments from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $182.19.

Texas Instruments Trading Down 0.8 %

NASDAQ TXN opened at $182.80 on Tuesday. The company has a quick ratio of 4.24, a current ratio of 5.09 and a debt-to-equity ratio of 0.48. Texas Instruments Incorporated has a twelve month low of $144.46 and a twelve month high of $202.26. The firm has a market capitalization of $167.03 billion, a PE ratio of 20.00, a P/E/G ratio of 2.11 and a beta of 1.02. The stock’s 50 day moving average is $162.34 and its 200 day moving average is $169.66.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Monday, August 1st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Friday, July 29th. Texas Instruments’s payout ratio is currently 50.33%.

Insider Activity

In related news, Director Robert E. Sanchez sold 12,299 shares of the company’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $169.40, for a total transaction of $2,083,450.60. Following the completion of the sale, the director now owns 19,201 shares in the company, valued at $3,252,649.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Texas Instruments news, Director Robert E. Sanchez sold 12,299 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $169.40, for a total value of $2,083,450.60. Following the completion of the sale, the director now owns 19,201 shares in the company, valued at $3,252,649.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Mark T. Roberts sold 2,048 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $177.50, for a total value of $363,520.00. Following the completion of the transaction, the vice president now directly owns 28,475 shares of the company’s stock, valued at approximately $5,054,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 75,618 shares of company stock valued at $13,329,800 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Texas Instruments Company Profile

(Get Rating)

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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