LMR Partners LLP Acquires Shares of 13,040 Texas Instruments Incorporated (NASDAQ:TXN)

LMR Partners LLP bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, HoldingsChannel reports. The firm bought 13,040 shares of the semiconductor company’s stock, valued at approximately $2,694,000.

A number of other large investors have also modified their holdings of the business. Quest Partners LLC acquired a new stake in Texas Instruments during the 3rd quarter valued at $226,000. Aljian Capital Management LLC acquired a new stake in Texas Instruments during the 3rd quarter valued at $254,000. Glass Wealth Management Co LLC grew its holdings in Texas Instruments by 18.8% during the 3rd quarter. Glass Wealth Management Co LLC now owns 10,121 shares of the semiconductor company’s stock valued at $2,091,000 after buying an additional 1,600 shares during the last quarter. Swiss National Bank grew its holdings in Texas Instruments by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock valued at $558,255,000 after buying an additional 8,100 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Texas Instruments by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company’s stock valued at $15,349,000 after buying an additional 1,095 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TXN shares. Truist Financial lowered their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley raised their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Bank of America decreased their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $206.95.

Insider Activity

In related news, 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 directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 39.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $5,341,235 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 3.0 %

NASDAQ:TXN opened at $207.18 on Tuesday. The business’s 50-day moving average is $204.51 and its two-hundred day moving average is $200.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38. The firm has a market capitalization of $188.99 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company posted $1.80 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Texas Instruments Company 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.