Man Group plc increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 501,293 shares of the semiconductor company’s stock after buying an additional 60,416 shares during the quarter. Man Group plc’s holdings in Texas Instruments were worth $53,784,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Capital International Investors boosted its stake in Texas Instruments by 46.4% during the 3rd quarter. Capital International Investors now owns 16,525,393 shares of the semiconductor company’s stock valued at $1,773,009,000 after purchasing an additional 5,240,065 shares during the last quarter. Ffcm LLC boosted its stake in Texas Instruments by 2,210.4% during the 3rd quarter. Ffcm LLC now owns 2,748,719 shares of the semiconductor company’s stock valued at $5,589,000 after purchasing an additional 2,629,746 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in Texas Instruments during the 2nd quarter valued at $282,741,000. Alecta Pensionsforsakring Omsesidigt purchased a new stake in Texas Instruments during the 3rd quarter valued at $238,077,000. Finally, FMR LLC boosted its stake in Texas Instruments by 19.7% during the 2nd quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock valued at $1,423,082,000 after purchasing an additional 2,120,260 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.
Shares of Texas Instruments stock opened at $95.81 on Thursday. Texas Instruments Incorporated has a one year low of $87.90 and a one year high of $120.75. The firm has a market capitalization of $90.81 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.84 and a beta of 1.29. The company has a current ratio of 3.97, a quick ratio of 3.09 and a debt-to-equity ratio of 0.41.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm earned $1.26 EPS. Texas Instruments’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts forecast that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Wednesday, October 31st were issued a $0.77 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 71.96%.
Texas Instruments announced that its board has approved a share buyback plan on Thursday, September 20th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 11.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. Sanford C. Bernstein reissued a “buy” rating and set a $115.00 price target on shares of Texas Instruments in a report on Wednesday, October 24th. JPMorgan Chase & Co. lowered their price target on Texas Instruments from $134.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. Loop Capital lowered their price target on Texas Instruments to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 24th. Finally, Barclays lowered their price target on Texas Instruments from $120.00 to $105.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the stock. Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $117.11.
In other Texas Instruments news, Director Martin S. Craighead purchased 10,900 shares of the firm’s stock in a transaction on Thursday, October 25th. The shares were acquired at an average cost of $91.70 per share, with a total value of $999,530.00. Following the completion of the acquisition, the director now directly owns 13,100 shares in the company, valued at $1,201,270. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kyle M. Flessner sold 16,088 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total value of $1,512,272.00. Following the sale, the insider now directly owns 43,270 shares in the company, valued at $4,067,380. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.
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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.
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