Robecosam AG cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 35.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,000 shares of the semiconductor company’s stock after selling 42,300 shares during the quarter. Robecosam AG’s holdings in Texas Instruments were worth $9,037,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of TXN. Cibc Bank USA increased its position in shares of Texas Instruments by 6.1% during the second quarter. Cibc Bank USA now owns 2,153 shares of the semiconductor company’s stock valued at $247,000 after acquiring an additional 123 shares during the last quarter. American Asset Management Inc. purchased a new stake in shares of Texas Instruments during the second quarter valued at approximately $218,000. CWM LLC increased its position in shares of Texas Instruments by 76.9% during the second quarter. CWM LLC now owns 13,372 shares of the semiconductor company’s stock valued at $1,535,000 after acquiring an additional 5,813 shares during the last quarter. Saturna Capital CORP increased its position in shares of Texas Instruments by 4.1% during the second quarter. Saturna Capital CORP now owns 6,919 shares of the semiconductor company’s stock valued at $794,000 after acquiring an additional 275 shares during the last quarter. Finally, Covenant Multifamily Offices LLC increased its position in shares of Texas Instruments by 3.4% during the second quarter. Covenant Multifamily Offices LLC now owns 19,751 shares of the semiconductor company’s stock valued at $2,267,000 after acquiring an additional 658 shares during the last quarter. 85.91% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $124.00 target price on shares of Texas Instruments in a research report on Tuesday, April 30th. Morgan Stanley raised their target price on Texas Instruments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. UBS Group reissued a “sell” rating and issued a $90.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Bank of America reissued a “neutral” rating and issued a $122.00 target price (up from $114.00) on shares of Texas Instruments in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $118.74.
In related news, insider R Gregory Delagi sold 450,000 shares of Texas Instruments stock in a transaction on Monday, July 29th. The stock was sold at an average price of $128.31, for a total transaction of $57,739,500.00. Following the completion of the sale, the insider now owns 243,755 shares of the company’s stock, valued at $31,276,204.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bing Xie sold 52,299 shares of Texas Instruments stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $127.75, for a total value of $6,681,197.25. Following the sale, the senior vice president now directly owns 106,264 shares of the company’s stock, valued at approximately $13,575,226. The disclosure for this sale can be found here. Insiders have sold 1,251,117 shares of company stock valued at $159,473,823 in the last three months. 0.89% of the stock is owned by corporate insiders.
Shares of Texas Instruments stock traded up $3.32 during trading hours on Tuesday, reaching $123.40. The company had a trading volume of 372,161 shares, compared to its average volume of 6,360,526. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $130.37. The business has a fifty day moving average price of $119.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01. The company has a market cap of $111.57 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.28 and a beta of 1.25.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.50%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s dividend payout ratio is 56.83%.
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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