World Asset Management Inc reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,114 shares of the semiconductor company’s stock after selling 585 shares during the quarter. World Asset Management Inc’s holdings in Texas Instruments were worth $4,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in Texas Instruments in the 3rd quarter worth approximately $32,000. Newfound Research LLC bought a new stake in shares of Texas Instruments during the third quarter valued at approximately $34,000. Toth Financial Advisory Corp bought a new stake in shares of Texas Instruments during the second quarter valued at approximately $31,000. JJJ Advisors Inc. increased its position in shares of Texas Instruments by 243.1% during the third quarter. JJJ Advisors Inc. now owns 247 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 175 shares during the period. Finally, Evolution Wealth Advisors LLC grew its position in Texas Instruments by 89.7% in the second quarter. Evolution Wealth Advisors LLC now owns 277 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 131 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

In other news, VP Darla H. Whitaker sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $138.52, for a total value of $5,540,800.00. Following the sale, the vice president now owns 89,524 shares of the company’s stock, valued at $12,400,864.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 12,156 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $132.18, for a total transaction of $1,606,780.08. Following the transaction, the director now owns 43,082 shares in the company, valued at $5,694,578.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,240 shares of company stock valued at $24,454,298. Corporate insiders own 0.73% of the company’s stock.

TXN has been the topic of a number of analyst reports. Charter Equity upgraded Texas Instruments from a “market perform” rating to a “market outperform” rating in a research report on Wednesday, July 22nd. Mizuho lowered their price target on Texas Instruments from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday. BidaskClub upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Friday, October 2nd. Bank of America upped their price target on Texas Instruments from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, October 16th. Finally, Cascend Securities upped their price target on Texas Instruments from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $150.14.

Shares of NASDAQ:TXN traded up $1.74 during trading on Friday, hitting $149.96. 3,509,434 shares of the company’s stock were exchanged, compared to its average volume of 3,732,021. Texas Instruments Incorporated has a 1-year low of $93.09 and a 1-year high of $155.88. The firm has a 50-day moving average price of $143.44 and a two-hundred day moving average price of $128.88. The company has a current ratio of 3.92, a quick ratio of 2.94 and a debt-to-equity ratio of 0.82. The firm has a market cap of $137.35 billion, a P/E ratio of 28.35, a PEG ratio of 3.15 and a beta of 1.14.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 20th. The semiconductor company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.28 by $0.17. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the company earned $1.49 EPS. Texas Instruments’s revenue was up 1.3% on a year-over-year basis. As a group, research analysts predict that Texas Instruments Incorporated will post 5.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.72%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s payout ratio is currently 68.70%.

About Texas Instruments

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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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

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