Gluskin Sheff & Assoc Inc. Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Gluskin Sheff & Assoc Inc. lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 27.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,828 shares of the semiconductor company’s stock after selling 11,569 shares during the quarter. Gluskin Sheff & Assoc Inc.’s holdings in Texas Instruments were worth $5,656,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TXN. Norges Bank purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $1,534,890,000. Wellington Management Group LLP boosted its stake in shares of Texas Instruments by 7.6% in the first quarter. Wellington Management Group LLP now owns 31,412,885 shares of the semiconductor company’s stock worth $5,763,635,000 after buying an additional 2,209,099 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 13.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after buying an additional 1,779,273 shares during the last quarter. BlackRock Inc. boosted its position in Texas Instruments by 2.0% during the first quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock worth $13,810,434,000 after purchasing an additional 1,484,246 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Texas Instruments by 360.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,704,000 shares of the semiconductor company’s stock worth $321,153,000 after purchasing an additional 1,333,800 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling

In related news, Director Pamela H. Patsley sold 12,299 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $176.64, for a total value of $2,172,495.36. Following the completion of the transaction, the director now directly owns 32,088 shares in the company, valued at $5,668,024.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Pamela H. Patsley sold 12,299 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the completion of the transaction, the director now directly owns 32,088 shares in the company, valued at $5,668,024.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Mark T. Roberts sold 2,048 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $177.50, for a total value of $363,520.00. Following the transaction, the vice president now owns 28,475 shares of the company’s stock, valued at $5,054,312.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,415 shares of company stock worth $10,241,311. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Sanford C. Bernstein increased their price target on Texas Instruments to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Benchmark assumed coverage on Texas Instruments in a research report on Wednesday, June 29th. They set a “buy” rating and a $205.00 price target on the stock. Bank of America downgraded Texas Instruments from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $190.00 to $175.00 in a research report on Wednesday, June 29th. StockNews.com downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Finally, Mizuho lowered their price target on Texas Instruments from $175.00 to $168.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $182.19.

Texas Instruments Trading Down 0.1 %

Shares of Texas Instruments stock opened at $170.58 on Tuesday. The firm has a market capitalization of $155.86 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.96 and a beta of 1.03. Texas Instruments Incorporated has a fifty-two week low of $144.46 and a fifty-two week high of $202.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.24 and a current ratio of 5.09. The stock has a 50 day moving average of $169.06 and a 200 day moving average of $169.81.

Texas Instruments (NASDAQ:TXNGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The semiconductor company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.38. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.53 billion. Texas Instruments had a return on equity of 64.02% and a net margin of 43.78%. As a group, research analysts predict that Texas Instruments Incorporated will post 9.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 16th. Investors of record on Monday, August 1st were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $4.60 annualized dividend and a yield of 2.70%. Texas Instruments’s payout ratio is 50.33%.

Texas Instruments Profile

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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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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

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