Metropolis Capital Ltd Has $251.16 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Metropolis Capital Ltd decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,215,872 shares of the semiconductor company’s stock after selling 55,994 shares during the period. Texas Instruments comprises about 8.7% of Metropolis Capital Ltd’s investment portfolio, making the stock its 6th biggest holding. Metropolis Capital Ltd owned 0.13% of Texas Instruments worth $251,163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norwood Financial Corp purchased a new stake in Texas Instruments in the 1st quarter worth approximately $32,000. Tsfg LLC lifted its position in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in Texas Instruments by 71.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after buying an additional 101 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments in the 3rd quarter worth approximately $43,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of Texas Instruments during the 1st quarter valued at $44,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.9 %

TXN opened at $193.97 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company has a market cap of $177.10 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 4.32 and a beta of 0.98. The firm has a 50 day simple moving average of $203.31 and a 200 day simple moving average of $194.94. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share 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 the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.80%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 90.28%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Susquehanna cut their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Robert W. Baird raised their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group raised their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Finally, Mizuho set a $200.00 price target on shares of Texas Instruments in a research report on Friday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $206.65.

Insider Activity at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is currently owned by company insiders.

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.