Mawer Investment Management Ltd. Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Mawer Investment Management Ltd. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 339,440 shares of the semiconductor company’s stock after selling 1,533 shares during the period. Mawer Investment Management Ltd.’s holdings in Texas Instruments were worth $70,118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TXN. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC boosted its position in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at $39,000. McClarren Financial Advisors Inc. purchased a new position in Texas Instruments in the 3rd quarter worth $43,000. Finally, Friedenthal Financial acquired a new stake in Texas Instruments during the 2nd quarter worth about $50,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXN has been the topic of several research analyst reports. Morgan Stanley lifted 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. Robert W. Baird dropped their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $206.95.

Insider Transactions at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This represents a 39.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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 Stock Up 1.3 %

TXN traded up $2.52 during trading on Monday, reaching $203.64. The stock had a trading volume of 20,738 shares, compared to its average volume of 5,480,065. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38. The company has a market capitalization of $185.76 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 4.40 and a beta of 0.99. The stock’s 50 day moving average is $204.39 and its two-hundred day moving average is $199.79. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (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 the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.80 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.67%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is presently 101.12%.

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.