Texas Instruments Incorporated (NASDAQ:TXN) Holdings Lowered by Meeder Asset Management Inc.

Meeder Asset Management Inc. cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 220,799 shares of the semiconductor company’s stock after selling 3,459 shares during the quarter. Texas Instruments accounts for approximately 3.0% of Meeder Asset Management Inc.’s holdings, making the stock its 8th biggest holding. Meeder Asset Management Inc.’s holdings in Texas Instruments were worth $45,610,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TXN. KCM Investment Advisors LLC raised its position in Texas Instruments by 1.4% in the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after buying an additional 50 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its position in Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after buying an additional 51 shares during the last quarter. Lansing Street Advisors raised its position in Texas Instruments by 4.7% in the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after buying an additional 51 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after buying an additional 52 shares during the last quarter. Finally, ABLE Financial Group LLC raised its position in Texas Instruments by 2.9% in the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock worth $376,000 after buying an additional 52 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 39.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 10.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 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 Up 3.0 %

Shares of TXN opened at $207.18 on Tuesday. The stock has a market capitalization of $188.99 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The business’s 50 day simple moving average is $204.51 and its 200-day simple moving average is $200.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Texas Instruments (NASDAQ:TXN) last issued 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. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 EPS. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.63%. 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 dividend payout ratio is presently 101.12%.

Analyst Ratings Changes

Several research firms have recently commented on TXN. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Bank of America reduced their price target 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Barclays reduced their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group upped their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $206.95.

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.