Asahi Life Asset Management CO. LTD. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 5.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,760 shares of the semiconductor company’s stock after purchasing an additional 205 shares during the quarter. Asahi Life Asset Management CO. LTD.’s holdings in Texas Instruments were worth $582,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Scotia Capital Inc. grew its holdings in shares of Texas Instruments by 6.0% in the second quarter. Scotia Capital Inc. now owns 43,528 shares of the semiconductor company’s stock valued at $6,688,000 after purchasing an additional 2,483 shares in the last quarter. Bailard Inc. boosted its stake in Texas Instruments by 0.7% during the third quarter. Bailard Inc. now owns 78,954 shares of the semiconductor company’s stock worth $12,220,000 after buying an additional 587 shares during the period. Commonwealth Equity Services LLC boosted its stake in Texas Instruments by 12.4% during the second quarter. Commonwealth Equity Services LLC now owns 207,259 shares of the semiconductor company’s stock worth $31,845,000 after buying an additional 22,796 shares during the period. Capital Investment Advisors LLC boosted its stake in Texas Instruments by 11.7% during the third quarter. Capital Investment Advisors LLC now owns 40,402 shares of the semiconductor company’s stock worth $6,253,000 after buying an additional 4,236 shares during the period. Finally, Cetera Advisor Networks LLC boosted its stake in Texas Instruments by 13.8% during the second quarter. Cetera Advisor Networks LLC now owns 32,845 shares of the semiconductor company’s stock worth $5,047,000 after buying an additional 3,972 shares during the period. 83.12% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on TXN shares. Oppenheimer dropped their price objective on shares of Texas Instruments from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $155.00 to $158.00 in a research note on Wednesday, December 14th. Citigroup boosted their target price on shares of Texas Instruments from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, January 18th. KeyCorp lowered their target price on shares of Texas Instruments from $220.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Finally, Sanford C. Bernstein lowered their target price on shares of Texas Instruments to $145.00 in a research note on Thursday, October 27th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $179.63.
Texas Instruments Stock Down 2.5 %
Texas Instruments stock traded down $4.36 during trading hours on Wednesday, reaching $172.68. The stock had a trading volume of 1,575,839 shares, compared to its average volume of 5,445,509. The company has a market cap of $156.72 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. The business’s 50 day moving average price is $172.92 and its 200-day moving average price is $168.62. Texas Instruments Incorporated has a 52 week low of $144.46 and a 52 week high of $191.34.
Texas Instruments (NASDAQ:TXN – Get Rating) last announced its earnings results on Tuesday, January 24th. The semiconductor company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.17. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.64 billion. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. Sell-side analysts anticipate that Texas Instruments Incorporated will post 9.23 EPS for the current year.
Texas Instruments Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Tuesday, January 31st will be issued a dividend of $1.24 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $4.96 annualized dividend and a dividend yield of 2.87%. Texas Instruments’s dividend payout ratio (DPR) is currently 51.99%.
Texas Instruments Profile
Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
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