Swiss National Bank Has $558.26 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Swiss National Bank boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% in the third quarter, Holdings Channel reports. The firm owned 2,702,500 shares of the semiconductor company’s stock after purchasing an additional 8,100 shares during the quarter. Swiss National Bank’s holdings in Texas Instruments were worth $558,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors raised its stake in Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after acquiring an additional 1,279,828 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Texas Instruments by 454.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after acquiring an additional 1,029,741 shares in the last quarter. International Assets Investment Management LLC raised its stake in Texas Instruments by 17,253.3% during the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after acquiring an additional 609,905 shares in the last quarter. National Bank of Canada FI raised its stake in Texas Instruments by 234.1% during the second quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock worth $144,423,000 after acquiring an additional 520,073 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC acquired a new position in Texas Instruments during the first quarter worth about $88,847,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN opened at $201.12 on Friday. Texas Instruments Incorporated has a 52-week low of $150.81 and a 52-week high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The business’s 50 day moving average price is $204.39 and its two-hundred day moving average price is $199.62. The firm has a market cap of $183.47 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. The company’s revenue was down 8.4% compared to the same quarter last year. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.70%. Texas Instruments’s payout ratio is 101.12%.

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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. This represents a 39.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 10.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TXN. Susquehanna lowered their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Evercore ISI boosted their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird reduced their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $206.95.

About Texas Instruments

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.