Stelac Advisory Services LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,032 shares of the semiconductor company’s stock after selling 226 shares during the quarter. Stelac Advisory Services LLC’s holdings in Texas Instruments were worth $131,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of TXN. Macquarie Group Ltd. increased its holdings in Texas Instruments by 7.0% in the 4th quarter. Macquarie Group Ltd. now owns 409,351 shares of the semiconductor company’s stock worth $52,515,000 after buying an additional 26,649 shares in the last quarter. Thomasville National Bank bought a new stake in Texas Instruments in the 1st quarter worth about $202,000. Pensionfund Sabic increased its holdings in Texas Instruments by 2.1% in the 1st quarter. Pensionfund Sabic now owns 23,900 shares of the semiconductor company’s stock worth $2,388,000 after buying an additional 500 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Texas Instruments by 10.1% in the 1st quarter. Foundations Investment Advisors LLC now owns 2,238 shares of the semiconductor company’s stock worth $217,000 after buying an additional 206 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Texas Instruments by 5.9% in the 1st quarter. State of Alaska Department of Revenue now owns 209,151 shares of the semiconductor company’s stock worth $20,899,000 after buying an additional 11,730 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.
TXN has been the topic of several research reports. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating and set a $138.00 target price on the stock in a research report on Wednesday, July 15th. DZ Bank raised Texas Instruments from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a research report on Thursday, July 23rd. Longbow Research initiated coverage on Texas Instruments in a research report on Wednesday, April 22nd. They issued a “neutral” rating on the stock. BNP Paribas cut Texas Instruments from a “neutral” rating to an “underperform” rating and set a $108.00 target price on the stock. in a research report on Thursday, July 9th. Finally, BMO Capital Markets raised their target price on Texas Instruments from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $134.00.
NASDAQ TXN opened at $127.55 on Friday. The company has a current ratio of 3.92, a quick ratio of 2.94 and a debt-to-equity ratio of 0.82. Texas Instruments Incorporated has a 12 month low of $93.09 and a 12 month high of $137.65. The stock’s 50 day moving average is $128.12 and its 200 day moving average is $119.70. The stock has a market cap of $118.29 billion, a PE ratio of 23.93, a P/E/G ratio of 2.73 and a beta of 1.13.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.60. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the company posted $1.36 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, July 30th. Texas Instruments’s payout ratio is 68.70%.
In other news, SVP Bing Xie sold 53,800 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $130.92, for a total transaction of $7,043,496.00. Following the transaction, the senior vice president now owns 76,096 shares of the company’s stock, valued at approximately $9,962,488.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 12,156 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $132.18, for a total value of $1,606,780.08. Following the transaction, the director now directly owns 43,082 shares in the company, valued at approximately $5,694,578.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,396 shares of company stock worth $15,983,413. Corporate insiders own 0.73% of the company’s stock.
About Texas Instruments
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.
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