Texas Instruments Incorporated (TXN) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 128,088 shares of the semiconductor company’s stock after acquiring an additional 2,101 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Texas Instruments were worth $13,743,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Texas Instruments by 3.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,763,599 shares of the semiconductor company’s stock worth $2,549,597,000 after purchasing an additional 811,931 shares during the last quarter. FMR LLC increased its stake in shares of Texas Instruments by 19.7% during the 2nd quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock worth $1,423,082,000 after purchasing an additional 2,120,260 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Texas Instruments by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 7,664,747 shares of the semiconductor company’s stock worth $845,038,000 after purchasing an additional 45,800 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Texas Instruments by 2.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,127,814 shares of the semiconductor company’s stock worth $675,592,000 after purchasing an additional 123,780 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Texas Instruments by 39.1% during the 2nd quarter. Schroder Investment Management Group now owns 3,278,298 shares of the semiconductor company’s stock worth $357,662,000 after purchasing an additional 921,101 shares during the last quarter. Hedge funds and other institutional investors own 84.21% of the company’s stock.

Shares of TXN stock opened at $92.99 on Wednesday. The stock has a market cap of $88.04 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.75 and a beta of 1.19. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41. Texas Instruments Incorporated has a 52 week low of $87.90 and a 52 week high of $120.75.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.30 billion. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. Texas Instruments’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be issued a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.31%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. Texas Instruments’s payout ratio is currently 57.94%.

Texas Instruments announced that its board has initiated a share buyback plan on Thursday, September 20th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 11.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. UBS Group lowered their price objective on shares of Texas Instruments from $93.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, October 24th. Macquarie set a $100.00 price objective on shares of Texas Instruments and gave the stock a “hold” rating in a research note on Wednesday, October 24th. Nomura lowered their price objective on shares of Texas Instruments from $115.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 24th. Finally, Royal Bank of Canada lowered their price objective on shares of Texas Instruments to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $117.11.

In other Texas Instruments news, Director Martin S. Craighead acquired 10,900 shares of the business’s stock in a transaction on Thursday, October 25th. The stock was purchased at an average price of $91.70 per share, with a total value of $999,530.00. Following the acquisition, the director now directly owns 13,100 shares of the company’s stock, valued at approximately $1,201,270. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

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.

Read More: Return on Equity (ROE)

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

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