Oakview Capital Management L.P. Has $1.50 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Oakview Capital Management L.P. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 47.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,279 shares of the semiconductor company’s stock after selling 6,485 shares during the quarter. Texas Instruments accounts for 7.0% of Oakview Capital Management L.P.’s investment portfolio, making the stock its 7th largest holding. Oakview Capital Management L.P.’s holdings in Texas Instruments were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments during the third quarter worth $28,000. Tsfg LLC boosted its position in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Texas Instruments in the third quarter worth $39,000. McClarren Financial Advisors Inc. purchased a new position in Texas Instruments in the third quarter worth $43,000. Finally, Prospera Private Wealth LLC purchased a new position in Texas Instruments in the third quarter worth $46,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $201.07 on Wednesday. The stock’s 50-day simple moving average is $204.54 and its 200 day simple moving average is $200.17. The stock has a market capitalization of $183.42 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38.

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

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TXN. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Robert W. Baird cut their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, 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. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $206.95.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated 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 transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 10.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 in the last ninety days. 0.68% of the stock is currently owned by insiders.

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.