Asset Management One Co. Ltd. Has $73.31 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Asset Management One Co. Ltd. grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% during the third quarter, HoldingsChannel reports. The firm owned 354,877 shares of the semiconductor company’s stock after buying an additional 10,429 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Texas Instruments were worth $73,307,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Texas Instruments by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after buying an additional 536,206 shares during the last quarter. Capital Research Global Investors raised its holdings in Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after buying an additional 1,279,828 shares during the last quarter. Legal & General Group Plc raised its holdings in Texas Instruments by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after buying an additional 64,067 shares during the last quarter. Van ECK Associates Corp raised its holdings in Texas Instruments by 3.6% in the 3rd quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company’s stock valued at $1,244,381,000 after buying an additional 212,888 shares during the last quarter. Finally, Fayez Sarofim & Co raised its holdings in Texas Instruments by 2.5% during the 1st quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock worth $744,218,000 after purchasing an additional 104,806 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ TXN traded down $0.89 on Monday, reaching $204.03. 193,760 shares of the company’s stock traded hands, compared to its average volume of 5,463,860. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 12 month low of $143.08 and a 12 month high of $214.66. The stock has a market cap of $186.12 billion, a PE ratio of 37.96, a P/E/G ratio of 4.44 and a beta of 0.99. The stock has a 50-day simple moving average of $203.81 and a 200 day simple moving average of $197.05.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 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 business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm posted $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.67%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays lowered their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Morgan Stanley raised their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Evercore ISI raised their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $206.95.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, 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 transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $5,341,235 in the last three months. 0.68% of the stock is currently owned by company insiders.

Texas Instruments 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.