Cigna Investments Inc. New Sells 597 Shares of Texas Instruments (TXN)

Cigna Investments Inc. New reduced its holdings in Texas Instruments (NASDAQ:TXN) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,657 shares of the semiconductor company’s stock after selling 597 shares during the period. Cigna Investments Inc. New’s holdings in Texas Instruments were worth $4,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. increased its stake in Texas Instruments by 2.5% in the 4th quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock valued at $7,187,053,000 after buying an additional 1,682,070 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 valued at $1,245,591,000 after acquiring an additional 388,827 shares during the period. Jennison Associates LLC grew its position in shares of Texas Instruments by 31.0% in the 4th quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock valued at $909,512,000 after acquiring an additional 2,061,255 shares during the period. Clearbridge Investments LLC grew its position in shares of Texas Instruments by 2.0% in the 4th quarter. Clearbridge Investments LLC now owns 8,386,333 shares of the semiconductor company’s stock valued at $875,869,000 after acquiring an additional 164,069 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of 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 valued at $791,533,000 after acquiring an additional 66,873 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

A number of research analysts have recently commented on the stock. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. B. Riley lifted their price objective on shares of Texas Instruments from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, April 25th. Royal Bank of Canada reissued a “buy” rating and issued a $125.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 25th. Finally, DZ Bank raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Texas Instruments presently has a consensus rating of “Buy” and a consensus target price of $113.36.

In related news, insider Niels Anderskouv sold 102,595 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $110.10, for a total transaction of $11,295,709.50. Following the completion of the transaction, the insider now directly owns 110,187 shares in the company, valued at approximately $12,131,588.70. The transaction was disclosed in a filing 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 that occurred 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 transaction, the insider now 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 over the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Texas Instruments opened at $111.07 on Thursday, according to MarketBeat.com. The company has a quick ratio of 3.53, a current ratio of 4.62 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $108.08 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 2.16 and a beta of 1.25. Texas Instruments has a 12-month low of $75.92 and a 12-month high of $120.75.

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

The company also recently announced a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Monday, May 7th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Friday, May 4th. Texas Instruments’s payout ratio is presently 57.94%.

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.

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

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