Sapient Capital LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Sapient Capital LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,045 shares of the semiconductor company’s stock after purchasing an additional 964 shares during the period. Texas Instruments accounts for about 0.8% of Sapient Capital LLC’s investment portfolio, making the stock its 29th biggest position. Sapient Capital LLC’s holdings in Texas Instruments were worth $37,398,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Texas Instruments by 54.3% in the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after acquiring an additional 1,972,304 shares during the period. Capital Research Global Investors grew its position in shares of 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 worth $5,002,522,000 after buying an additional 1,279,828 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Texas Instruments by 65.8% during the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after acquiring an additional 1,181,841 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position 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 valued at $244,386,000 after acquiring an additional 1,029,741 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after acquiring an additional 536,206 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $206.07 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The firm has a fifty day moving average of $201.93 and a 200 day moving average of $193.55. The firm has a market cap of $187.62 billion, a PE ratio of 32.15, a PEG ratio of 4.41 and a beta of 0.98. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.87 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 84.87%.

Analysts Set New Price Targets

Several analysts have recently commented on TXN shares. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Monday. Evercore ISI increased their price target on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. KeyCorp upped their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $205.65.

Insider Transactions at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of the 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 completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock valued at $3,255,323 over the last ninety days. Insiders own 0.68% of the company’s stock.

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.