Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the 3rd quarter, Holdings Channel reports. The firm owned 57,531 shares of the semiconductor company’s stock after selling 337 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Texas Instruments were worth $11,884,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the third quarter valued at $28,000. Tsfg LLC increased its stake in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments during the 3rd quarter worth about $39,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Texas Instruments in the third quarter worth approximately $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in Texas Instruments in the third quarter valued at approximately $45,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following 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 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley increased their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Evercore ISI increased their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company started coverage on shares of Texas Instruments in a research report on Friday. They issued an “equal weight” rating and a $215.00 price objective for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Trading Up 2.5 %

NASDAQ:TXN opened at $202.93 on Tuesday. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market cap of $185.12 billion, a PE ratio of 37.72, a P/E/G ratio of 4.33 and a beta of 0.99. The business’s 50 day moving average is $204.54 and its two-hundred day moving average is $200.61.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm posted $1.80 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 101.12%.

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.