Bridgewater Associates LP Sells 65,926 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Bridgewater Associates LP reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 60.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 43,243 shares of the semiconductor company’s stock after selling 65,926 shares during the period. Bridgewater Associates LP’s holdings in Texas Instruments were worth $6,644,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. VELA Investment Management LLC acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $377,000. O Shaughnessy Asset Management LLC raised its holdings in Texas Instruments by 0.3% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 42,941 shares of the semiconductor company’s stock worth $6,598,000 after buying an additional 138 shares during the period. Perigon Wealth Management LLC raised its holdings in Texas Instruments by 7.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,684 shares of the semiconductor company’s stock worth $412,000 after buying an additional 182 shares during the period. Strategic Family Wealth Counselors L.L.C. raised its holdings in shares of Texas Instruments by 4.0% in the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 1,560 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 60 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of Texas Instruments in the second quarter valued at approximately $3,552,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Ahmad Bahai sold 1,109 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the sale, the vice president now owns 27,306 shares of the company’s stock, valued at $4,915,353.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Janet F. Clark sold 9,990 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ahmad Bahai sold 1,109 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the sale, the vice president now directly owns 27,306 shares of the company’s stock, valued at approximately $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Texas Instruments Trading Up 1.0 %

TXN stock opened at $178.98 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. The company has a fifty day moving average price of $162.88 and a two-hundred day moving average price of $165.27. Texas Instruments Incorporated has a one year low of $144.46 and a one year high of $199.90. The stock has a market cap of $162.44 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99.

Texas Instruments (NASDAQ:TXNGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. Equities analysts anticipate that Texas Instruments Incorporated will post 9.27 EPS for the current year.

Texas Instruments announced that its board has authorized a stock buyback program on Thursday, September 15th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the semiconductor company to buy up to 10.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, October 28th. This is a boost from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s payout ratio is presently 51.99%.

Analyst Ratings Changes

TXN has been the topic of a number of recent research reports. Benchmark lowered their price objective on shares of Texas Instruments from $205.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Texas Instruments from $160.00 to $155.00 in a report on Wednesday, October 26th. Barclays upgraded shares of Texas Instruments from an “underweight” rating to an “equal weight” rating and set a $150.00 price objective on the stock in a report on Monday, October 24th. UBS Group lowered their price objective on shares of Texas Instruments from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. Finally, Credit Suisse Group downgraded shares of Texas Instruments from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $185.00 to $205.00 in a report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $174.70.

About Texas Instruments

(Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

Further Reading

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXNGet Rating).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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