Texas Instruments Incorporated $TXN Stock Holdings Raised by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 294,859 shares of the semiconductor company’s stock after acquiring an additional 31,122 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Texas Instruments were worth $83,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Contravisory Investment Management Inc. purchased a new position in shares of Texas Instruments during the second quarter worth about $1,493,000. Diversify Advisory Services LLC raised its stake in Texas Instruments by 122.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 24,545 shares of the semiconductor company’s stock valued at $6,851,000 after acquiring an additional 13,495 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Texas Instruments during the 2nd quarter valued at approximately $1,962,000. Ieq Capital LLC purchased a new stake in Texas Instruments during the 2nd quarter valued at approximately $17,709,000. Finally, Liontrust Investment Partners LLP acquired a new stake in Texas Instruments during the 1st quarter worth approximately $13,056,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TXN shares. UBS Group lowered their target price on Texas Instruments from $380.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Sanford C. Bernstein upped their price target on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Mizuho cut their price target on Texas Instruments from $305.00 to $290.00 and set a “neutral” rating for the company in a research note on Thursday, October 22nd. JPMorgan Chase & Co. increased their price target on Texas Instruments from $340.00 to $365.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Finally, Arete Research lowered their price objective on shares of Texas Instruments from $405.00 to $381.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $315.37.

Texas Instruments Stock Performance

Shares of TXN stock opened at $312.48 on Wednesday. The company has a market cap of $285.53 billion, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The stock has a 50 day simple moving average of $277.49 and a 200-day simple moving average of $259.93. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03. The company has a current ratio of 5.59, a quick ratio of 4.05 and a debt-to-equity ratio of 0.67.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the firm earned $1.48 EPS. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post 8.89 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be given a $1.52 dividend. The ex-dividend date is Friday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 annualized dividend and a yield of 1.9%. Texas Instruments’s dividend payout ratio (DPR) is currently 78.86%.

Insider Transactions at Texas Instruments

In related news, Director Pamela Patsley sold 4,532 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $301.56, for a total value of $1,366,669.92. Following the sale, the director owned 34,487 shares in the company, valued at $10,399,899.72. This represents a 11.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Janet Clark sold 4,306 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $302.46, for a total value of $1,302,392.76. Following the completion of the transaction, the director directly owned 11,341 shares of the company’s stock, valued at $3,430,198.86. The trade was a 27.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,968 shares of company stock valued at $8,236,892 in the last three months. Insiders own 0.60% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.