Brown Brothers Harriman & Co. Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Brown Brothers Harriman & Co. cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,173,141 shares of the semiconductor company’s stock after selling 3,998 shares during the period. Texas Instruments comprises about 1.6% of Brown Brothers Harriman & Co.’s investment portfolio, making the stock its 22nd biggest holding. Brown Brothers Harriman & Co.’s holdings in Texas Instruments were worth $242,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXN. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the third quarter worth about $28,000. Tsfg LLC lifted its holdings in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments in the 3rd quarter worth approximately $39,000. McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $43,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.1 %

Shares of NASDAQ:TXN opened at $198.00 on Monday. The firm has a fifty day moving average of $204.45 and a two-hundred day moving average of $200.49. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38. The firm has a market capitalization of $180.62 billion, a P/E ratio of 36.80, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data 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. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the firm earned $1.80 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 101.12%.

Analysts Set New Price Targets

A number of equities analysts have commented on TXN shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company started coverage on shares of Texas Instruments in a research note on Friday. They set an “equal weight” rating and a $215.00 price objective on the stock. Finally, 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 note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $210.05.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The shares were 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 of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

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.