Zions Bancorporation N.A. Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Zions Bancorporation N.A. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 55.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,810 shares of the semiconductor company’s stock after purchasing an additional 646 shares during the period. Zions Bancorporation N.A.’s holdings in Texas Instruments were worth $374,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. KBC Group NV grew its stake in Texas Instruments by 1.2% in the 3rd quarter. KBC Group NV now owns 166,220 shares of the semiconductor company’s stock valued at $34,337,000 after buying an additional 2,001 shares in the last quarter. Plato Investment Management Ltd raised its holdings in shares of Texas Instruments by 414.9% in the 3rd quarter. Plato Investment Management Ltd now owns 4,171 shares of the semiconductor company’s stock valued at $861,000 after acquiring an additional 3,361 shares in the last quarter. Cable Hill Partners LLC lifted its position in Texas Instruments by 17.3% during the third quarter. Cable Hill Partners LLC now owns 1,338 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 197 shares during the last quarter. Bell Bank grew its position in Texas Instruments by 3.4% in the third quarter. Bell Bank now owns 1,602 shares of the semiconductor company’s stock worth $331,000 after acquiring an additional 53 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd increased its position in shares of Texas Instruments by 19.2% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 11,919 shares of the semiconductor company’s stock valued at $2,462,000 after purchasing an additional 1,918 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 2.4 %

TXN stock opened at $201.12 on Friday. The business’s 50-day moving average price is $204.32 and its 200-day moving average price is $199.31. The stock has a market cap of $183.47 billion, a P/E ratio of 37.38, a PEG ratio of 4.50 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $150.81 and a twelve month high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of analyst reports. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $206.95.

Insider Activity at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 39.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated 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 owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,548 shares of company stock valued at $5,341,235. Corporate insiders own 0.68% of the company’s stock.

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.