Texas Instruments Incorporated (TXN) Stake Decreased by Ashmore Wealth Management LLC

Ashmore Wealth Management LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,809 shares of the semiconductor company’s stock after selling 27,592 shares during the quarter. Texas Instruments makes up about 1.9% of Ashmore Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Ashmore Wealth Management LLC’s holdings in Texas Instruments were worth $37,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bridgeworth LLC boosted its holdings in Texas Instruments by 28.7% in the second quarter. Bridgeworth LLC now owns 3,064 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 683 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in Texas Instruments by 9.8% in the second quarter. Flagship Harbor Advisors LLC now owns 10,190 shares of the semiconductor company’s stock worth $1,123,000 after purchasing an additional 906 shares during the period. Lourd Capital LLC acquired a new position in Texas Instruments in the third quarter worth $299,000. First Manhattan Co. boosted its holdings in Texas Instruments by 50.4% in the third quarter. First Manhattan Co. now owns 52,545 shares of the semiconductor company’s stock worth $5,637,000 after purchasing an additional 17,597 shares during the period. Finally, DeDora Capital Inc. boosted its holdings in Texas Instruments by 28.5% in the third quarter. DeDora Capital Inc. now owns 9,289 shares of the semiconductor company’s stock worth $997,000 after purchasing an additional 2,063 shares during the period. 85.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ TXN opened at $99.85 on Monday. Texas Instruments Incorporated has a fifty-two week low of $87.90 and a fifty-two week high of $120.75. The company has a current ratio of 3.97, a quick ratio of 3.09 and a debt-to-equity ratio of 0.41. The stock has a market cap of $95.91 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.94 and a beta of 1.28.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments announced that its Board of Directors has approved a stock repurchase program on Thursday, September 20th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 11.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Wednesday, October 31st were paid a dividend of $0.77 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Tuesday, October 30th. Texas Instruments’s payout ratio is currently 71.96%.

In other Texas Instruments news, insider Kyle M. Flessner sold 16,088 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total value of $1,512,272.00. Following the sale, the insider now directly owns 43,270 shares in the company, valued at $4,067,380. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martin S. Craighead purchased 10,900 shares of the company’s stock in a transaction on Thursday, October 25th. The stock was acquired at an average price of $91.70 per share, for a total transaction of $999,530.00. Following the completion of the transaction, the director now owns 13,100 shares of the company’s stock, valued at approximately $1,201,270. The disclosure for this purchase can be found here. 0.84% of the stock is owned by insiders.

Several equities analysts have recently issued reports on TXN shares. KeyCorp started coverage on shares of Texas Instruments in a report on Tuesday, September 25th. They set a “sector weight” rating for the company. BidaskClub raised shares of Texas Instruments from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Goldman Sachs Group reissued a “neutral” rating and set a $92.00 price target on shares of Texas Instruments in a report on Wednesday, October 24th. SunTrust Banks reduced their price target on shares of Texas Instruments to $93.00 and set a “hold” rating for the company in a report on Wednesday, October 24th. Finally, Zacks Investment Research downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $117.11.

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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.

See Also: Fundamental Analysis and Individual Investors

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

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