First Business Financial Services Inc. Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First Business Financial Services Inc. boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 12,156 shares of the semiconductor company’s stock after purchasing an additional 578 shares during the period. First Business Financial Services Inc.’s holdings in Texas Instruments were worth $2,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ lifted its holdings in Texas Instruments by 4.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after acquiring an additional 9,608 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Texas Instruments by 60.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock valued at $33,909,000 after buying an additional 65,512 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock valued at $244,386,000 after buying an additional 1,029,741 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Texas Instruments by 106.4% in the second quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company’s stock worth $2,526,000 after acquiring an additional 6,696 shares during the period. Finally, Philip James Wealth Mangement LLC boosted its stake in shares of Texas Instruments by 335.5% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 5,200 shares of the semiconductor company’s stock worth $1,074,000 after acquiring an additional 4,006 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. KeyCorp upped their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $206.95.

Insider Buying and Selling at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock valued at $5,341,235. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.1 %

Shares of TXN stock opened at $206.00 on Friday. 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 firm has a market cap of $187.92 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. The company has a 50-day moving average of $204.23 and a two-hundred day moving average of $199.26. Texas Instruments Incorporated has a 1-year low of $150.15 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results 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. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS. On average, analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.64%. Texas Instruments’s payout ratio is currently 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.