Telemark Asset Management LLC Has $14.46 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Telemark Asset Management LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 133.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,000 shares of the semiconductor company’s stock after acquiring an additional 40,000 shares during the quarter. Texas Instruments accounts for about 1.5% of Telemark Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Telemark Asset Management LLC’s holdings in Texas Instruments were worth $14,460,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Allen Capital Group LLC acquired a new stake in Texas Instruments during the 3rd quarter worth about $251,000. 49 Wealth Management LLC grew its stake in shares of Texas Instruments by 21.1% in the 3rd quarter. 49 Wealth Management LLC now owns 1,905 shares of the semiconductor company’s stock valued at $394,000 after buying an additional 332 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after buying an additional 782,053 shares in the last quarter. Banco Santander S.A. grew its stake in shares of Texas Instruments by 4.5% in the 3rd quarter. Banco Santander S.A. now owns 6,447 shares of the semiconductor company’s stock valued at $1,332,000 after buying an additional 279 shares in the last quarter. Finally, Smithfield Trust Co grew its stake in shares of Texas Instruments by 1.5% in the 3rd quarter. Smithfield Trust Co now owns 9,655 shares of the semiconductor company’s stock valued at $1,991,000 after buying an additional 145 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXN has been the subject of several recent research reports. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Morgan Stanley boosted their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Barclays reduced their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird reduced their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $210.05.

Insider Buying and Selling at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 11.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,968 shares of company stock worth $3,126,464 over the last three months. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $197.86 on Friday. The business has a fifty day simple moving average of $204.49 and a 200 day simple moving average of $200.14. 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 capitalization of $180.49 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.08 EPS 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 $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. 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 101.12%.

Texas Instruments Company 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.