Factory Mutual Insurance Co. Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Factory Mutual Insurance Co. boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 15.4% during the third quarter, Holdings Channel.com reports. The firm owned 139,000 shares of the semiconductor company’s stock after acquiring an additional 18,500 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Texas Instruments were worth $28,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after buying an additional 536,206 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after acquiring an additional 1,279,828 shares in the last quarter. Legal & General Group Plc raised its position in shares of Texas Instruments by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after purchasing an additional 64,067 shares during the last quarter. Van ECK Associates Corp grew its position in Texas Instruments by 6.2% during the 2nd quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock valued at $1,158,495,000 after purchasing an additional 348,528 shares during the last quarter. Finally, Fayez Sarofim & Co increased its stake in Texas Instruments by 2.5% during the 1st quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock valued at $744,218,000 after purchasing an additional 104,806 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXN. Truist Financial dropped their target price on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Rosenblatt Securities increased their target price on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Robert W. Baird lifted their target price on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Barclays lifted their price objective on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $205.65.

Texas Instruments Price Performance

Shares of TXN traded up $2.64 during mid-day trading on Friday, reaching $205.11. The stock had a trading volume of 2,815,781 shares, compared to its average volume of 4,892,744. The firm has a market cap of $186.75 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 4.41 and a beta of 0.98. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The business has a fifty day moving average of $201.93 and a 200 day moving average of $193.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the business posted $1.87 EPS. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. Equities analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.65%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is presently 84.87%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 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.