Rakuten Investment Management Inc. Buys New Holdings in Texas Instruments Incorporated $TXN

Rakuten Investment Management Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, HoldingsChannel reports. The fund purchased 40,608 shares of the semiconductor company’s stock, valued at approximately $7,461,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Vanguard Group Inc. raised its position in shares of Texas Instruments by 1.5% during the second quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock valued at $19,816,773,000 after buying an additional 1,426,360 shares during the last quarter. State Street Corp grew its stake in Texas Instruments by 2.6% during the second quarter. State Street Corp now owns 43,325,014 shares of the semiconductor company’s stock valued at $8,995,139,000 after acquiring an additional 1,084,364 shares in the last quarter. Geode Capital Management LLC increased its holdings in Texas Instruments by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 22,224,770 shares of the semiconductor company’s stock valued at $4,595,478,000 after acquiring an additional 279,755 shares during the last quarter. Invesco Ltd. lifted its stake in Texas Instruments by 3.3% in the 2nd quarter. Invesco Ltd. now owns 14,068,306 shares of the semiconductor company’s stock worth $2,920,862,000 after purchasing an additional 443,738 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Texas Instruments in the second quarter worth about $2,836,310,000. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TXN has been the topic of a number of research reports. Robert W. Baird set a $195.00 price objective on Texas Instruments and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, December 16th. UBS Group set a $245.00 price target on shares of Texas Instruments and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Mizuho set a $145.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group cut shares of Texas Instruments from a “buy” rating to a “sell” rating and decreased their target price for the company from $200.00 to $156.00 in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $194.22.

Insider Buying and Selling

In related news, VP Christine Witzsche sold 1,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the transaction, the vice president owned 20,821 shares in the company, valued at $3,421,098.51. The trade was a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Kirk sold 9,990 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.33, for a total value of $1,621,676.70. Following the completion of the sale, the director owned 14,937 shares in the company, valued at approximately $2,424,723.21. The trade was a 40.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Trading Up 2.5%

TXN stock opened at $194.41 on Thursday. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The stock has a market capitalization of $176.64 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 3.05 and a beta of 1.00. The firm’s fifty day simple moving average is $176.48 and its two-hundred day simple moving average is $183.14.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.65 billion. Texas Instruments had a net margin of 29.21% and a return on equity of 30.41%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $1.44 EPS. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, January 30th. Texas Instruments’s payout ratio is 103.84%.

Texas Instruments Profile

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.