Texas Instruments Incorporated $TXN Stock: Mawer Investment Management Ltd. Trims Stake

Mawer Investment Management Ltd. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 443,341 shares of the semiconductor company’s stock after selling 3,840 shares during the quarter. Texas Instruments makes up 0.9% of Mawer Investment Management Ltd.’s portfolio, making the stock its 28th biggest position. Mawer Investment Management Ltd.’s holdings in Texas Instruments were worth $124,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. MSH Capital Advisors LLC increased its position in shares of Texas Instruments by 4.0% in the 3rd quarter. MSH Capital Advisors LLC now owns 2,504 shares of the semiconductor company’s stock worth $701,000 after purchasing an additional 96 shares during the last quarter. Cornerstone Advisory LLC raised its stake in shares of Texas Instruments by 10.0% in the 3rd quarter. Cornerstone Advisory LLC now owns 1,150 shares of the semiconductor company’s stock valued at $322,000 after purchasing an additional 105 shares in the last quarter. Diversified Trust Co lifted its position in shares of Texas Instruments by 10.8% during the third quarter. Diversified Trust Co now owns 19,948 shares of the semiconductor company’s stock worth $5,587,000 after purchasing an additional 1,949 shares during the last quarter. BankPlus Trust Department lifted its position in shares of Texas Instruments by 3.6% during the third quarter. BankPlus Trust Department now owns 17,626 shares of the semiconductor company’s stock worth $4,937,000 after purchasing an additional 613 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Texas Instruments by 26.3% during the third quarter. Moors & Cabot Inc. now owns 6,949 shares of the semiconductor company’s stock worth $1,946,000 after purchasing an additional 1,448 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In related news, Director Ronald Kirk sold 6,065 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $310.39, for a total value of $1,882,515.35. Following the sale, the director owned 15,462 shares of the company’s stock, valued at $4,799,250.18. This trade represents a 28.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Tsedeniya Abraham sold 7,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the sale, the vice president directly owned 23,181 shares in the company, valued at approximately $6,134,388.03. This trade represents a 23.19% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 36,726 shares of company stock valued at $10,942,413. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several research analyst reports. Mizuho lowered their price objective on Texas Instruments from $305.00 to $290.00 and set a “neutral” rating for the company in a report on Thursday, October 22nd. Morgan Stanley upped their price objective on Texas Instruments from $255.00 to $278.00 and gave the company an “underweight” rating in a research note on Thursday, October 22nd. Sanford C. Bernstein increased their target price on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Susquehanna reaffirmed a “positive” rating on shares of Texas Instruments in a report on Thursday, October 22nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Texas Instruments has an average rating of “Moderate Buy” and a consensus target price of $315.37.

Texas Instruments Stock Performance

NASDAQ:TXN traded down $8.88 during midday trading on Friday, reaching $303.60. 5,228,771 shares of the company traded hands, compared to its average volume of 9,484,298. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The firm has a market capitalization of $277.42 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05. The company has a fifty day moving average price of $283.87 and a 200 day moving average price of $264.14.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.22. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 8.99 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th were given a dividend of $1.52 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, October 30th. Texas Instruments’s payout ratio is currently 78.86%.

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.