Texas Instruments Incorporated (NASDAQ:TXN) Position Lessened by Martingale Asset Management L P

Martingale Asset Management L P lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 36.9% during the third quarter, HoldingsChannel.com reports. The firm owned 3,385 shares of the semiconductor company’s stock after selling 1,983 shares during the quarter. Martingale Asset Management L P’s holdings in Texas Instruments were worth $699,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TXN. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the 3rd quarter valued at $28,000. Tsfg LLC lifted its position in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments in the third quarter worth about $39,000. McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter worth about $43,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Texas Instruments during the 3rd quarter valued at about $45,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Up 0.4 %

TXN stock opened at $201.78 on Tuesday. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a market cap of $184.07 billion, a P/E ratio of 37.51, a P/E/G ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $154.02 and a 1-year high of $220.38. The business’s 50 day moving average is $204.29 and its 200-day moving average is $200.89.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.70%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TXN shares. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Barclays lowered their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company began coverage on shares of Texas Instruments in a research report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 target price for the company. Susquehanna lowered their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Finally, Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $210.05.

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.