Murphy Middleton Hinkle & Parker Inc. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,138 shares of the semiconductor company’s stock after selling 94 shares during the period. Murphy Middleton Hinkle & Parker Inc.’s holdings in Texas Instruments were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of TXN. Nuveen Asset Management LLC boosted its stake in shares of Texas Instruments by 16,895.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 7,969,808 shares of the semiconductor company’s stock valued at $914,615,000 after purchasing an additional 7,922,914 shares in the last quarter. Invesco Ltd. raised its holdings in Texas Instruments by 29.5% in the 2nd quarter. Invesco Ltd. now owns 13,864,091 shares of the semiconductor company’s stock valued at $1,591,044,000 after buying an additional 3,158,845 shares during the last quarter. Winslow Capital Management LLC bought a new position in Texas Instruments in the 2nd quarter valued at approximately $184,058,000. Railway Pension Investments Ltd bought a new position in Texas Instruments in the 2nd quarter valued at approximately $12,823,000. Finally, Assenagon Asset Management S.A. raised its holdings in Texas Instruments by 84.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,456,439 shares of the semiconductor company’s stock valued at $188,230,000 after buying an additional 666,577 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

Shares of NASDAQ:TXN traded down $1.65 during trading on Wednesday, reaching $130.04. 137,783 shares of the company traded hands, compared to its average volume of 4,200,830. The firm has a market capitalization of $121.45 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 2.45 and a beta of 1.26. Texas Instruments Incorporated has a 52-week low of $87.70 and a 52-week high of $132.20. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average is $127.28 and its 200-day moving average is $118.08.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s dividend payout ratio is currently 56.83%.

A number of research analysts recently issued reports on the stock. ValuEngine lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Loop Capital raised their price objective on shares of Texas Instruments to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Bank of America upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $145.00 to $150.00 in a report on Friday, September 27th. Zacks Investment Research lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 price objective for the company. in a report on Monday, August 26th. Finally, Barclays raised their price objective on shares of Texas Instruments from $105.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $119.74.

In related news, SVP Cynthia Hoff Trochu sold 6,185 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total transaction of $793,040.70. Following the completion of the transaction, the senior vice president now owns 62,417 shares in the company, valued at $8,003,107.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider R Gregory Delagi sold 198,610 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $125.19, for a total value of $24,863,985.90. Following the transaction, the insider now owns 102,652 shares of the company’s stock, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,251,117 shares of company stock valued at $159,473,823. 0.89% of the stock is owned by corporate insiders.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

Read More: Earnings Per Share

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.