Plato Investment Management Ltd Has $861,000 Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Plato Investment Management Ltd increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 414.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,171 shares of the semiconductor company’s stock after acquiring an additional 3,361 shares during the quarter. Plato Investment Management Ltd’s holdings in Texas Instruments were worth $861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cable Hill Partners LLC increased its position in Texas Instruments by 17.3% during the third quarter. Cable Hill Partners LLC now owns 1,338 shares of the semiconductor company’s stock worth $276,000 after acquiring an additional 197 shares during the period. Bell Bank increased its holdings in Texas Instruments by 3.4% in the 3rd quarter. Bell Bank now owns 1,602 shares of the semiconductor company’s stock valued at $331,000 after buying an additional 53 shares during the period. ICICI Prudential Asset Management Co Ltd increased its holdings in Texas Instruments by 19.2% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 11,919 shares of the semiconductor company’s stock valued at $2,462,000 after buying an additional 1,918 shares during the period. Rossmore Private Capital increased its holdings in Texas Instruments by 6.1% in the 3rd quarter. Rossmore Private Capital now owns 7,089 shares of the semiconductor company’s stock valued at $1,464,000 after buying an additional 410 shares during the period. Finally, MQS Management LLC bought a new stake in Texas Instruments in the 3rd quarter valued at $281,000. Institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 in the last ninety days. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Performance

Texas Instruments stock opened at $206.00 on Friday. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 1 year low of $150.15 and a 1 year high of $220.38. The company has a market cap of $187.92 billion, a PE ratio of 38.29, a PEG ratio of 4.50 and a beta of 0.99. The company’s 50-day moving average is $204.23 and its two-hundred day moving average is $199.26.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This is a boost 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 dividend payout ratio is 101.12%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TXN. Robert W. Baird lowered 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. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $206.95.

Texas Instruments 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.