BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 879,620 shares of the semiconductor company’s stock after purchasing an additional 28,623 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.10% of Texas Instruments worth $181,703,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the 3rd quarter worth approximately $28,000. Tsfg LLC increased its stake 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 purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Texas Instruments during the 3rd quarter valued at approximately $39,000. McClarren Financial Advisors Inc. acquired a new position in Texas Instruments during the 3rd quarter valued at approximately $43,000. Finally, Darwin Wealth Management LLC acquired a new position in Texas Instruments during the 3rd quarter valued at approximately $45,000. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were 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 owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $5,341,235 over the last three months. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Texas Instruments stock opened at $198.19 on Thursday. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38. The stock has a market cap of $180.79 billion, a P/E ratio of 36.84, a PEG ratio of 4.40 and a beta of 0.99. The company has a 50-day moving average price of $204.45 and a 200 day moving average price of $200.15. 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 announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the business earned $1.80 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TXN shares. Evercore ISI increased their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Susquehanna lowered 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, October 21st. Jefferies Financial Group increased their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $206.95.

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.