Texas Instruments Incorporated $TXN Stock: Factory Mutual Insurance Co. Lowers Position

Factory Mutual Insurance Co. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 89,700 shares of the semiconductor company’s stock after selling 18,950 shares during the period. Factory Mutual Insurance Co.’s holdings in Texas Instruments were worth $25,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Garner Asset Management Corp purchased a new position in shares of Texas Instruments in the 3rd quarter valued at $2,155,000. Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in shares of Texas Instruments by 1.1% during the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 98,714 shares of the semiconductor company’s stock valued at $27,649,000 after acquiring an additional 1,100 shares in the last quarter. Eads & Heald Wealth Management lifted its holdings in shares of Texas Instruments by 0.8% during the 3rd quarter. Eads & Heald Wealth Management now owns 5,995 shares of the semiconductor company’s stock valued at $1,679,000 after acquiring an additional 46 shares in the last quarter. VCI Wealth Management LLC boosted its position in Texas Instruments by 19.0% during the 3rd quarter. VCI Wealth Management LLC now owns 12,825 shares of the semiconductor company’s stock worth $3,592,000 after purchasing an additional 2,049 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management boosted its position in Texas Instruments by 16.8% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,263 shares of the semiconductor company’s stock worth $634,000 after purchasing an additional 326 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TXN shares. Mizuho cut their price objective on Texas Instruments from $305.00 to $290.00 and set a “neutral” rating on the stock in a research report on Thursday, October 22nd. UBS Group decreased their target price on Texas Instruments from $380.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Wells Fargo & Company lowered their target price on Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 20th. Wall Street Zen upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Texas Instruments in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.37.

Texas Instruments Price Performance

TXN opened at $312.48 on Wednesday. The company has a fifty day simple moving average of $277.49 and a 200 day simple moving average of $259.93. The firm has a market cap of $285.53 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.50 and a beta of 1.39. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve 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 issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The firm’s revenue was up 27.7% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 8.89 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.52 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 30th. Texas Instruments’s payout ratio is 78.86%.

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 6,065 shares of Texas Instruments stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $310.39, for a total transaction of $1,882,515.35. Following the sale, the director directly owned 15,462 shares of the company’s stock, valued at approximately $4,799,250.18. The trade was a 28.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Sanchez sold 6,065 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $302.21, for a total value of $1,832,903.65. Following the completion of the transaction, the director owned 21,600 shares in the company, valued at approximately $6,527,736. This trade represents a 21.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 27,968 shares of company stock valued at $8,236,892. Company insiders own 0.60% of the company’s stock.

Texas Instruments Company Profile

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.