Baillie Gifford & Co. Sells 88,661 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Baillie Gifford & Co. cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the third quarter, HoldingsChannel.com reports. The firm owned 2,884,380 shares of the semiconductor company’s stock after selling 88,661 shares during the period. Baillie Gifford & Co.’s holdings in Texas Instruments were worth $595,826,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC grew its stake in shares of Texas Instruments by 4.9% during the third quarter. WealthPlan Investment Management LLC now owns 51,708 shares of the semiconductor company’s stock worth $10,681,000 after acquiring an additional 2,419 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Texas Instruments during the third quarter worth about $872,000. Apollon Wealth Management LLC grew its stake in shares of Texas Instruments by 0.9% during the third quarter. Apollon Wealth Management LLC now owns 34,185 shares of the semiconductor company’s stock worth $7,062,000 after acquiring an additional 315 shares during the last quarter. WCM Investment Management LLC grew its stake in shares of Texas Instruments by 365.3% during the third quarter. WCM Investment Management LLC now owns 10,836 shares of the semiconductor company’s stock worth $2,266,000 after acquiring an additional 8,507 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Texas Instruments by 10.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 3,851 shares of the semiconductor company’s stock worth $796,000 after acquiring an additional 357 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Down 2.0 %

Shares of TXN stock opened at $215.87 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company has a market cap of $196.92 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 4.82 and a beta of 0.99. The stock has a 50 day simple moving average of $203.98 and a 200-day simple moving average of $198.97. Texas Instruments Incorporated has a 1-year low of $145.19 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company earned $1.80 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid 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 2.52%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Wall Street Analyst Weigh In

TXN has been the topic of a number of research analyst reports. Barclays dropped their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. The Goldman Sachs Group upped their target price on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley upped their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $206.95.

Insider Activity at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by insiders.

About Texas Instruments

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.