Baillie Gifford & Co. Lowers Holdings in Texas Instruments Incorporated $TXN

Baillie Gifford & Co. lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,283,802 shares of the semiconductor company’s stock after selling 51,816 shares during the period. Baillie Gifford & Co. owned approximately 0.25% of Texas Instruments worth $419,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Texas Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock valued at $19,816,773,000 after purchasing an additional 1,426,360 shares in the last quarter. State Street Corp raised its stake in shares of Texas Instruments by 2.6% during the 2nd quarter. State Street Corp now owns 43,325,014 shares of the semiconductor company’s stock worth $8,995,139,000 after buying an additional 1,084,364 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Texas Instruments by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 22,224,770 shares of the semiconductor company’s stock valued at $4,595,478,000 after buying an additional 279,755 shares during the period. Invesco Ltd. boosted its stake in shares of Texas Instruments by 3.3% in the second quarter. Invesco Ltd. now owns 14,068,306 shares of the semiconductor company’s stock valued at $2,920,862,000 after buying an additional 443,738 shares in the last quarter. Finally, Norges Bank acquired a new position in Texas Instruments during the second quarter worth $2,836,310,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TXN. TD Cowen reissued a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. The Goldman Sachs Group downgraded shares of Texas Instruments from a “buy” rating to a “sell” rating and dropped their target price for the company from $200.00 to $156.00 in a report on Monday, December 15th. Wells Fargo & Company upped their price target on shares of Texas Instruments from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Stifel Nicolaus increased their price target on shares of Texas Instruments from $170.00 to $200.00 and gave the company a “hold” rating in a research report on Friday, January 16th. Finally, Rosenblatt Securities cut their price objective on Texas Instruments from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $195.12.

Texas Instruments Trading Down 0.9%

NASDAQ TXN opened at $193.31 on Friday. The company’s 50 day moving average price is $177.82 and its 200 day moving average price is $183.08. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. The firm has a market capitalization of $175.65 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 3.10 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.48. The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.65 billion. Texas Instruments had a net margin of 29.21% and a return on equity of 30.41%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 30th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, January 30th. Texas Instruments’s payout ratio is 103.84%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Christine Witzsche sold 1,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $164.31, for a total transaction of $164,310.00. Following the transaction, the vice president directly owned 20,821 shares in the company, valued at $3,421,098.51. This represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald Kirk sold 9,990 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.33, for a total transaction of $1,621,676.70. Following the transaction, the director directly owned 14,937 shares of the company’s stock, valued at approximately $2,424,723.21. This represents a 40.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.