Boston Private Wealth LLC Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Boston Private Wealth LLC grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the third quarter, HoldingsChannel reports. The fund owned 12,581 shares of the semiconductor company’s stock after acquiring an additional 291 shares during the quarter. Boston Private Wealth LLC’s holdings in Texas Instruments were worth $1,626,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Nuveen Asset Management LLC lifted its holdings in shares of Texas Instruments by 16,895.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 7,969,808 shares of the semiconductor company’s stock valued at $914,615,000 after purchasing an additional 7,922,914 shares during the last quarter. Invesco Ltd. boosted its position in Texas Instruments by 29.5% during the 2nd quarter. Invesco Ltd. now owns 13,864,091 shares of the semiconductor company’s stock worth $1,591,044,000 after buying an additional 3,158,845 shares during the period. Winslow Capital Management LLC acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $184,058,000. Railway Pension Investments Ltd acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $12,823,000. Finally, Assenagon Asset Management S.A. boosted its position in Texas Instruments by 84.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,456,439 shares of the semiconductor company’s stock worth $188,230,000 after buying an additional 666,577 shares during the period. Institutional investors and hedge funds own 85.49% of the company’s stock.

TXN has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Texas Instruments from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on shares of Texas Instruments to $124.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their price target on shares of Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Charter Equity downgraded shares of Texas Instruments from a “buy” rating to a “market perform” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank dropped their price target on shares of Texas Instruments from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $120.97.

Shares of Texas Instruments stock traded down $0.78 during trading on Friday, reaching $119.14. 117,643 shares of the company traded hands, compared to its average volume of 5,136,249. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.34 and a quick ratio of 3.32. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $132.20. The company has a 50 day moving average price of $125.67 and a 200-day moving average price of $119.18. The firm has a market capitalization of $112.04 billion, a PE ratio of 21.98, a P/E/G ratio of 2.40 and a beta of 1.23.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.07. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the company earned $1.56 EPS. Texas Instruments’s quarterly revenue was down 11.5% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 4.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s payout ratio is presently 66.42%.

Texas Instruments Company Profile

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.

See Also: What is the Rule of 72?

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.