Profund Advisors LLC Has $11.94 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Profund Advisors LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 7.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,115 shares of the semiconductor company’s stock after selling 6,411 shares during the quarter. Texas Instruments accounts for about 0.9% of Profund Advisors LLC’s holdings, making the stock its 20th biggest position. Profund Advisors LLC’s holdings in Texas Instruments were worth $11,936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXN. Price T Rowe Associates Inc. MD lifted its stake in Texas Instruments by 43.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 21,113,372 shares of the semiconductor company’s stock valued at $3,244,069,000 after purchasing an additional 6,363,962 shares during the last quarter. Franklin Resources Inc. boosted its position in Texas Instruments by 18.0% during the second quarter. Franklin Resources Inc. now owns 13,183,584 shares of the semiconductor company’s stock worth $2,025,659,000 after purchasing an additional 2,014,373 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 13.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after purchasing an additional 1,779,273 shares in the last quarter. Barclays PLC raised its position in shares of Texas Instruments by 125.9% in the third quarter. Barclays PLC now owns 3,093,266 shares of the semiconductor company’s stock valued at $478,775,000 after purchasing an additional 1,723,725 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Texas Instruments by 182.1% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,628,890 shares of the semiconductor company’s stock valued at $252,120,000 after buying an additional 1,051,548 shares in the last quarter. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Texas Instruments Trading Down 2.2 %

NASDAQ TXN traded down $3.86 during trading on Wednesday, hitting $173.18. 2,106,560 shares of the company’s stock traded hands, compared to its average volume of 5,478,679. The firm has a market cap of $157.17 billion, a P/E ratio of 18.13, a PEG ratio of 2.41 and a beta of 1.02. The stock has a fifty day moving average of $172.92 and a two-hundred day moving average of $168.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $191.34.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings results on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.17. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.64 billion. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. Texas Instruments’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 9.23 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be issued a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Monday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 51.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein lowered their target price on shares of Texas Instruments to $145.00 in a report on Thursday, October 27th. Barclays raised their price objective on shares of Texas Instruments from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday. Oppenheimer cut their price target on shares of Texas Instruments from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, October 21st. Robert W. Baird upped their price target on shares of Texas Instruments from $160.00 to $180.00 in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Texas Instruments from $155.00 to $158.00 in a research note on Wednesday, December 14th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $181.04.

Insider Buying and Selling at Texas Instruments

In other news, VP Ahmad Bahai sold 1,109 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the sale, the vice president now directly owns 27,306 shares in the company, valued at $4,915,353.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the sale, the director now directly owns 8,942 shares of the company’s stock, valued at approximately $1,566,280.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ahmad Bahai sold 1,109 shares of Texas Instruments stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the sale, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

About Texas Instruments

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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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