BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $33.91 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 60.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,310 shares of the semiconductor company’s stock after purchasing an additional 65,512 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Texas Instruments were worth $33,909,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TXN. Van ECK Associates Corp raised its position in Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after purchasing an additional 1,972,304 shares during the last quarter. Capital Research Global Investors raised its position 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 worth $5,002,522,000 after acquiring an additional 1,279,828 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Texas Instruments by 65.8% in the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock valued at $518,629,000 after acquiring an additional 1,181,841 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Texas Instruments by 35.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,083,589 shares of the semiconductor company’s stock valued at $525,643,000 after acquiring an additional 809,805 shares during the last quarter. Finally, Capital International Investors raised its holdings in Texas Instruments by 23.7% during the 4th quarter. Capital International Investors now owns 3,697,517 shares of the semiconductor company’s stock worth $630,335,000 after purchasing an additional 709,115 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock worth $3,255,323 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $203.85 on Tuesday. The company has a market capitalization of $185.60 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. The company’s 50-day moving average is $200.82 and its 200 day moving average is $190.31. 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 Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the company earned $1.87 earnings per share. The company’s quarterly revenue was down 15.6% on a year-over-year basis. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Analyst Ratings Changes

TXN has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Morgan Stanley upped their target price on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Rosenblatt Securities increased their target price on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $204.67.

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.