Scotia Capital Inc. Boosts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Scotia Capital Inc. grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 3.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,665 shares of the semiconductor company’s stock after purchasing an additional 506 shares during the period. Scotia Capital Inc.’s holdings in Texas Instruments were worth $2,650,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Annapolis Financial Services LLC raised its stake in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc purchased a new stake in shares of Texas Instruments during the third quarter valued at approximately $25,000. Riverview Trust Co raised its stake in shares of Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 66 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. Finally, AMH Equity Ltd purchased a new stake in shares of Texas Instruments during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TXN has been the subject of a number of recent analyst reports. Barclays decreased their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Truist Financial decreased their price target on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. TD Cowen raised their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Finally, Susquehanna decreased their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $173.89.

View Our Latest Stock Report on Texas Instruments

Texas Instruments Stock Performance

TXN stock opened at $175.27 on Friday. The company has a market capitalization of $159.37 billion, a P/E ratio of 24.83, a PEG ratio of 3.69 and a beta of 1.04. The company has a 50-day simple moving average of $165.27 and a 200 day simple moving average of $160.59. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.13 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.17 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is 73.65%.

Texas Instruments Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXNFree Report).

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.