Investment Management Corp of Ontario Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Investment Management Corp of Ontario increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 48.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,260 shares of the semiconductor company’s stock after purchasing an additional 9,900 shares during the period. Investment Management Corp of Ontario’s holdings in Texas Instruments were worth $6,251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the 3rd quarter valued at $28,000. Tsfg LLC raised its position in Texas Instruments by 82.0% during the 3rd 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 3rd quarter worth $39,000. FSA Wealth Management LLC purchased a new stake in shares of Texas Instruments in the third quarter valued at about $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments during the third quarter worth about $43,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Wells Fargo & Company began coverage on Texas Instruments in a report on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 price target for the company. Evercore ISI upped their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $210.05.

Insider Activity at Texas Instruments

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

Texas Instruments Stock Performance

Texas Instruments stock opened at $197.23 on Wednesday. Texas Instruments Incorporated has a fifty-two week low of $154.02 and a fifty-two week high of $220.38. The company has a market capitalization of $179.92 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 4.41 and a beta of 0.97. The stock has a fifty day moving average of $204.09 and a two-hundred day moving average of $200.95. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $4.12 billion. During the same quarter last year, the business posted $1.80 EPS. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 101.12%.

Texas Instruments 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.