Korea Investment CORP trimmed its holdings in shares of Texas Instruments (NASDAQ:TXN) by 30.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 421,841 shares of the semiconductor company’s stock after selling 185,639 shares during the quarter. Korea Investment CORP’s holdings in Texas Instruments were worth $43,825,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Taylor Hoffman Wealth Management bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $105,000. Penserra Capital Management LLC bought a new position in shares of Texas Instruments during the 1st quarter worth approximately $106,000. Massey Quick Simon & CO. LLC grew its stake in shares of Texas Instruments by 89.7% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,066 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 504 shares in the last quarter. Risk Paradigm Group LLC bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $138,000. Finally, We Are One Seven LLC bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $144,000. 84.32% of the stock is owned by institutional investors and hedge funds.
Shares of Texas Instruments opened at $110.54 on Monday, Marketbeat.com reports. Texas Instruments has a 1 year low of $75.92 and a 1 year high of $120.75. The firm has a market cap of $108.21 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 2.17 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 return on equity of 43.73% and a net margin of 26.39%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. sell-side analysts forecast that Texas Instruments will post 5.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 7th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.24%. The ex-dividend date is Friday, May 4th. Texas Instruments’s payout ratio is 57.94%.
TXN has been the subject of several research reports. Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Tuesday, April 3rd. UBS assumed coverage on Texas Instruments in a report on Wednesday, April 4th. They issued a “sell” rating and a $85.00 price objective for the company. Citigroup reissued a “buy” rating and issued a $135.00 price objective (up previously from $110.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Credit Suisse Group raised Texas Instruments to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday, February 7th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $130.00 price objective (up previously from $110.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Texas Instruments has a consensus rating of “Buy” and a consensus price target of $113.36.
In other Texas Instruments news, VP Niels Anderskouv sold 20,191 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.13, for a total transaction of $2,223,634.83. Following the transaction, the vice president now owns 110,187 shares in the company, valued at approximately $12,134,894.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin J. Ritchie sold 52,698 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.17, for a total value of $5,805,738.66. Following the transaction, the insider now owns 172,545 shares in the company, valued at approximately $19,009,282.65. The disclosure for this sale can be found here. Insiders have sold a total of 175,484 shares of company stock worth $19,325,083 in the last quarter. Company insiders own 0.84% of the company’s stock.
Texas Instruments Company 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.
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