Bridges Investment Management Inc. Cuts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Bridges Investment Management Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,020 shares of the semiconductor company’s stock after selling 2,173 shares during the period. Bridges Investment Management Inc.’s holdings in Texas Instruments were worth $7,854,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Tsfg LLC raised its position in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the third quarter worth about $39,000. McClarren Financial Advisors Inc. bought a new position in Texas Instruments in the 3rd quarter worth approximately $43,000. Friedenthal Financial purchased a new position in Texas Instruments during the second quarter valued at $50,000. Finally, Beacon Capital Management LLC increased its stake in Texas Instruments by 42.1% in the 1st quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Robert W. Baird cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Bank of America decreased their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $206.95.

Insider Activity

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,548 shares of company stock worth $5,341,235. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock opened at $220.29 on Friday. The company has a market cap of $200.95 billion, a PE ratio of 40.95, a P/E/G ratio of 4.70 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $143.08 and a 12 month high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company has a fifty day moving average price of $203.95 and a two-hundred day moving average price of $198.28.

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

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

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.