Healthcare of Ontario Pension Plan Trust Fund Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 454.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,256,289 shares of the semiconductor company’s stock after buying an additional 1,029,741 shares during the period. Texas Instruments accounts for 0.7% of Healthcare of Ontario Pension Plan Trust Fund’s portfolio, making the stock its 26th biggest position. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.14% of Texas Instruments worth $244,386,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in Texas Instruments during the fourth quarter valued at $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments in the fourth quarter worth about $26,000. Westend Capital Management LLC bought a new position in shares of Texas Instruments in the first quarter worth about $31,000. Norwood Financial Corp bought a new position in Texas Instruments during the first quarter valued at approximately $32,000. Finally, Fortis Group Advisors LLC boosted its stake in Texas Instruments by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 98 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 2.4 %

TXN opened at $201.60 on Wednesday. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The stock’s fifty day moving average is $201.15 and its two-hundred day moving average is $191.71. The company has a market capitalization of $183.55 billion, a P/E ratio of 31.45, a PEG ratio of 4.55 and a beta of 0.99. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s revenue was down 15.6% compared to the same quarter last year. During the same period last year, the business posted $1.87 EPS. 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 declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 84.87%.

Insiders Place Their Bets

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 sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Morgan Stanley increased their price target on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Robert W. Baird raised their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Rosenblatt Securities raised their price objective on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $204.67.

About Texas Instruments

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.