Bessemer Group Inc. Sells 489,424 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Bessemer Group Inc. cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 20.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880,378 shares of the semiconductor company’s stock after selling 489,424 shares during the period. Bessemer Group Inc. owned approximately 0.21% of Texas Instruments worth $338,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Klingman & Associates LLC grew its stake in shares of Texas Instruments by 8.1% in the 2nd quarter. Klingman & Associates LLC now owns 1,384 shares of the semiconductor company’s stock worth $249,000 after acquiring an additional 104 shares in the last quarter. Sovereign Financial Group Inc. grew its position in Texas Instruments by 17.8% in the 2nd quarter. Sovereign Financial Group Inc. now owns 2,027 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 306 shares in the last quarter. Wintrust Investments LLC increased its stake in Texas Instruments by 10.6% in the 2nd quarter. Wintrust Investments LLC now owns 10,918 shares of the semiconductor company’s stock valued at $1,966,000 after buying an additional 1,048 shares during the last quarter. Mitchell Sinkler & Starr PA lifted its position in shares of Texas Instruments by 7.6% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 6,581 shares of the semiconductor company’s stock worth $1,185,000 after buying an additional 465 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its position in shares of Texas Instruments by 5.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 47,742 shares of the semiconductor company’s stock worth $8,592,000 after buying an additional 2,349 shares in the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ronald Kirk sold 12,299 shares of Texas Instruments stock in a transaction on Monday, November 13th. The shares were sold at an average price of $145.51, for a total value of $1,789,627.49. Following the transaction, the director now directly owns 13,637 shares of the company’s stock, valued at $1,984,319.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TXN. The Goldman Sachs Group lowered their target price on Texas Instruments from $157.00 to $137.00 and set a “sell” rating on the stock in a research note on Wednesday, October 25th. Evercore ISI reduced their target price on shares of Texas Instruments from $190.00 to $170.00 in a research report on Thursday, October 5th. JPMorgan Chase & Co. lowered their price target on shares of Texas Instruments from $200.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. UBS Group reduced their price objective on Texas Instruments from $190.00 to $185.00 in a report on Wednesday, July 26th. Finally, Sanford C. Bernstein lowered Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 target price on the stock. in a research note on Wednesday, August 30th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $173.57.

Texas Instruments Price Performance

NASDAQ TXN traded up $0.67 during trading hours on Monday, reaching $155.29. 1,132,882 shares of the stock traded hands, compared to its average volume of 5,138,569. The company has a debt-to-equity ratio of 0.66, a current ratio of 5.69 and a quick ratio of 4.22. The stock has a 50 day simple moving average of $153.63 and a two-hundred day simple moving average of $165.76. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a market cap of $141.03 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 24th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Texas Instruments had a return on equity of 45.23% and a net margin of 39.21%. On average, analysts predict that Texas Instruments Incorporated will post 6.99 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $1.24. This represents a $5.20 annualized dividend and a yield of 3.35%. Texas Instruments’s dividend payout ratio is currently 67.53%.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.