Texas Instruments Incorporated (NASDAQ:TXN) Stake Boosted by CCLA Investment Management

CCLA Investment Management increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 516,578 shares of the semiconductor company’s stock after purchasing an additional 5,694 shares during the period. CCLA Investment Management owned 0.06% of Texas Instruments worth $99,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Nordea Investment Management AB boosted its holdings in shares of Texas Instruments by 16.9% during the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after acquiring an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Texas Instruments by 5,858.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after purchasing an additional 636,013 shares during the period. Advisors Capital Management LLC grew its position in Texas Instruments by 185.7% in the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after purchasing an additional 205,676 shares during the last quarter. Clear Rock Advisors LLC bought a new position in Texas Instruments in the 4th quarter worth about $1,984,000. Finally, KBC Group NV increased its stake in shares of Texas Instruments by 65.0% in the fourth quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock valued at $120,444,000 after purchasing an additional 278,396 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were 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 in the company, valued at $5,037,237.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Up 1.5 %

Shares of Texas Instruments stock opened at $201.39 on Wednesday. The stock’s fifty day moving average is $200.66 and its 200-day moving average is $189.43. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $183.36 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. Equities analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TXN. JPMorgan Chase & Co. increased their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. Evercore ISI raised their price target on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. KeyCorp upped their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Truist Financial decreased their target price on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $204.67.

Texas Instruments Company Profile

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.