AEGON ASSET MANAGEMENT UK Plc Sells 66,425 Shares of Texas Instruments Incorporated $TXN

AEGON ASSET MANAGEMENT UK Plc lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 394,667 shares of the semiconductor company's stock after selling 66,425 shares during the period. Texas Instruments makes up about 1.1% of AEGON ASSET MANAGEMENT UK Plc's investment portfolio, making the stock its 22nd largest holding. AEGON ASSET MANAGEMENT UK Plc's holdings in Texas Instruments were worth $110,542,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kraft Davis & Associates LLC grew its holdings in shares of Texas Instruments by 4.4% in the 3rd quarter. Kraft Davis & Associates LLC now owns 827 shares of the semiconductor company's stock worth $230,000 after acquiring an additional 35 shares during the last quarter. May Hill Capital LLC lifted its holdings in shares of Texas Instruments by 3.7% during the third quarter. May Hill Capital LLC now owns 990 shares of the semiconductor company's stock valued at $277,000 after purchasing an additional 35 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of Texas Instruments by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 3,754 shares of the semiconductor company's stock valued at $1,052,000 after purchasing an additional 36 shares during the period. International Assets Investment Management LLC boosted its position in shares of Texas Instruments by 1.2% in the 3rd quarter. International Assets Investment Management LLC now owns 2,947 shares of the semiconductor company's stock valued at $829,000 after purchasing an additional 36 shares during the period. Finally, HBW Advisory Services LLC boosted its position in shares of Texas Instruments by 2.2% in the 1st quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company's stock valued at $336,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Up 6.6%

Shares of Texas Instruments stock opened at $295.73 on Tuesday. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The company has a market cap of $270.23 billion, a P/E ratio of 38.36, a P/E/G ratio of 1.54 and a beta of 1.39. The company has a current ratio of 5.59, a quick ratio of 4.05 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $279.80 and a 200 day moving average price of $261.92.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.22. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.94 billion. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The firm's quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 8.97 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be given a dividend of $1.52 per share. The ex-dividend date of this dividend is Friday, October 30th. This is a boost from Texas Instruments's previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a yield of 2.1%. Texas Instruments's payout ratio is presently 78.86%.

Insider Activity

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of Texas Instruments stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the sale, the vice president owned 23,181 shares of the company's stock, valued at $6,134,388.03. This trade represents a 23.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 6,065 shares of the business's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $302.21, for a total transaction of $1,832,903.65. Following the transaction, the director owned 21,600 shares in the company, valued at approximately $6,527,736. This represents a 21.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,968 shares of company stock valued at $8,236,892 in the last three months. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on TXN. KeyCorp boosted their price objective on Texas Instruments from $390.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Morgan Stanley upped their price objective on shares of Texas Instruments from $255.00 to $278.00 and gave the company an "underweight" rating in a research note on Thursday, October 22nd. Wall Street Zen upgraded shares of Texas Instruments from a "hold" rating to a "buy" rating in a report on Saturday, July 18th. Rosenblatt Securities lifted their target price on shares of Texas Instruments from $350.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. Finally, Mizuho dropped their target price on shares of Texas Instruments from $305.00 to $290.00 and set a "neutral" rating on the stock in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $315.37.

Texas Instruments Profile

Texas Instruments Incorporated NASDAQ: TXN designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.

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