Texas Instruments Incorporated $TXN Position Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 11.8% during the 3rd quarter, Holdings Channel reports. The firm owned 294,859 shares of the semiconductor company’s stock after purchasing 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.

Several other large investors have also modified their holdings of the business. Kraft Davis & Associates LLC increased its stake in shares of Texas Instruments by 4.4% during the 3rd quarter. Kraft Davis & Associates LLC now owns 827 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 35 shares in the last quarter. Aviance Capital Partners LLC raised its position in shares of Texas Instruments by 1.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 3,754 shares of the semiconductor company’s stock worth $1,052,000 after purchasing an additional 36 shares during the last quarter. HBW Advisory Services LLC lifted its stake in Texas Instruments by 2.2% in the 1st quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 37 shares in the last quarter. Montz Harcus Wealth Management LLC lifted its stake in Texas Instruments by 2.9% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 38 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Texas Instruments by 0.6% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company’s stock valued at $1,157,000 after buying an additional 38 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TXN shares. Mizuho dropped their price target on Texas Instruments from $305.00 to $290.00 and set a “neutral” rating for the company in a research report on Thursday, October 22nd. Sanford C. Bernstein boosted their price target on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Zacks Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. increased their price objective on Texas Instruments from $340.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Finally, Benchmark increased their price objective on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $315.37.

Insiders Place Their Bets

In other news, Director Robert Sanchez sold 6,065 shares of Texas Instruments stock in a transaction on 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 sale, the director owned 21,600 shares of the company’s stock, valued at $6,527,736. The trade was a 21.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the transaction, the vice president owned 23,181 shares of the company’s stock, valued at $6,134,388.03. The trade was a 23.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 27,968 shares of company stock valued at $8,236,892. 0.60% of the stock is currently owned by company insiders.

Texas Instruments Stock Performance

Shares of TXN opened at $312.48 on Wednesday. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The company’s 50 day simple moving average is $277.49 and its 200 day simple moving average is $259.93. The company has a market capitalization of $285.53 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.40 by $0.22. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. Texas Instruments’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 EPS. On average, sell-side analysts predict 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. Stockholders of record on Friday, October 30th will be issued a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a dividend yield of 1.9%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, October 30th. Texas Instruments’s payout ratio is 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.