Texas Instruments (TXN) Shares Sold by Ardevora Asset Management LLP

Ardevora Asset Management LLP lowered its position in Texas Instruments (NASDAQ:TXN) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,995 shares of the semiconductor company’s stock after selling 4,805 shares during the period. Ardevora Asset Management LLP’s holdings in Texas Instruments were worth $31,063,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in Texas Instruments by 2.5% in the 4th quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock worth $7,187,053,000 after purchasing an additional 1,682,070 shares during the last quarter. Geode Capital Management LLC raised its position in Texas Instruments by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 11,948,264 shares of the semiconductor company’s stock worth $1,245,591,000 after purchasing an additional 388,827 shares during the last quarter. Jennison Associates LLC raised its position in Texas Instruments by 31.0% in the 4th quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock worth $909,512,000 after purchasing an additional 2,061,255 shares during the last quarter. Clearbridge Investments LLC raised its position in Texas Instruments by 2.0% in the 4th quarter. Clearbridge Investments LLC now owns 8,386,333 shares of the semiconductor company’s stock worth $875,869,000 after purchasing an additional 164,069 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Texas Instruments by 0.9% in the 1st quarter. Wells Fargo & Company MN now owns 7,618,947 shares of the semiconductor company’s stock worth $791,533,000 after purchasing an additional 66,873 shares during the last quarter. Institutional investors own 85.30% of the company’s stock.

TXN has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, April 3rd. UBS initiated coverage on shares of Texas Instruments in a research report on Wednesday, April 4th. They issued a “sell” rating and a $85.00 price objective for the company. Citigroup restated a “buy” rating and issued a $135.00 price objective (up previously from $110.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. Credit Suisse Group upgraded shares of Texas Instruments to a “buy” rating and set a $125.00 price objective for the company in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $98.00 to $115.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $113.36.

Shares of Texas Instruments opened at $110.33 on Friday, Marketbeat reports. Texas Instruments has a 12-month low of $109.62 and a 12-month high of $110.95. The firm has a market capitalization of $106.91 billion, a PE ratio of 25.78, a PEG ratio of 2.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.62 and a quick ratio of 3.53.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.10. Texas Instruments had a net margin of 26.39% and a return on equity of 43.73%. The company had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. equities analysts expect that Texas Instruments will post 5.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Stockholders of record on Monday, May 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, May 4th. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.

In related news, VP Niels Anderskouv sold 20,191 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $110.13, for a total value of $2,223,634.83. Following the completion of the transaction, the vice president now directly owns 110,187 shares of the company’s stock, valued at approximately $12,134,894.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin J. Ritchie sold 52,698 shares of the company’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.17, for a total transaction of $5,805,738.66. Following the completion of the transaction, the insider now directly owns 172,545 shares of the company’s stock, valued at $19,009,282.65. The disclosure for this sale can be found here. Insiders sold a total of 175,484 shares of company stock valued at $19,325,083 in the last three months. 0.84% of the stock is owned by company insiders.

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.

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

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