Massachusetts Financial Services Co. MA decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,858,679 shares of the semiconductor company’s stock after selling 391,103 shares during the quarter. Texas Instruments comprises about 1.2% of Massachusetts Financial Services Co. MA’s investment portfolio, making the stock its 12th biggest holding. Massachusetts Financial Services Co. MA’s holdings in Texas Instruments were worth $3,083,496,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Delta Asset Management LLC TN increased its holdings in shares of Texas Instruments by 890.9% in the 3rd quarter. Delta Asset Management LLC TN now owns 218 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 196 shares in the last quarter. Lenox Wealth Management Inc. increased its holdings in shares of Texas Instruments by 766.7% in the 3rd quarter. Lenox Wealth Management Inc. now owns 260 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 230 shares in the last quarter. Financial Advantage Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter worth $34,000. Shine Investment Advisory Services Inc. increased its holdings in shares of Texas Instruments by 348.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 279 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC bought a new stake in shares of Texas Instruments in the 3rd quarter worth $48,000. Institutional investors and hedge funds own 85.49% of the company’s stock.
TXN has been the subject of a number of research analyst reports. Barclays lifted their target price on Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Goldman Sachs Group reissued a “neutral” rating and issued a $111.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Charter Equity lowered Texas Instruments from a “buy” rating to a “market perform” rating in a report on Wednesday, October 23rd. Oppenheimer reduced their target price on Texas Instruments from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, BidaskClub lowered Texas Instruments from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $120.97.
Shares of TXN traded down $2.04 during trading hours on Monday, hitting $118.07. The stock had a trading volume of 5,165,341 shares, compared to its average volume of 5,050,860. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.34 and a quick ratio of 3.32. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $132.20. The firm has a market capitalization of $112.04 billion, a PE ratio of 21.78, a PEG ratio of 2.40 and a beta of 1.23. The stock has a fifty day moving average price of $125.47 and a 200 day moving average price of $119.20.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.07. Texas Instruments had a return on equity of 58.00% and a net margin of 35.10%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. Texas Instruments’s revenue was down 11.5% compared to the same quarter last year. As a group, analysts anticipate that Texas Instruments Incorporated will post 4.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be given a dividend of $0.90 per share. The ex-dividend date is Wednesday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. This represents a $3.60 annualized dividend and a yield of 3.05%. Texas Instruments’s payout ratio is 66.42%.
Texas Instruments Profile
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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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