Seeyond lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 12.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,519 shares of the semiconductor company’s stock after selling 2,010 shares during the period. Seeyond’s holdings in Texas Instruments were worth $1,551,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of TXN. Janus Henderson Group PLC raised its holdings in shares of Texas Instruments by 0.8% during the second quarter. Janus Henderson Group PLC now owns 15,856,423 shares of the semiconductor company’s stock valued at $1,819,554,000 after purchasing an additional 132,226 shares during the period. Northern Trust Corp increased its position in Texas Instruments by 0.8% in the 2nd quarter. Northern Trust Corp now owns 13,882,619 shares of the semiconductor company’s stock valued at $1,593,168,000 after buying an additional 104,543 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Texas Instruments by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,141,958 shares of the semiconductor company’s stock worth $819,612,000 after buying an additional 210,051 shares during the period. State Farm Mutual Automobile Insurance Co. raised its stake in Texas Instruments by 5.3% during the 2nd quarter. State Farm Mutual Automobile Insurance Co. now owns 4,968,786 shares of the semiconductor company’s stock worth $570,218,000 after buying an additional 252,080 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt boosted its holdings in Texas Instruments by 9.2% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,104,000 shares of the semiconductor company’s stock worth $470,154,000 after acquiring an additional 345,000 shares in the last quarter. 85.69% of the stock is currently owned by institutional investors.
In related news, CFO Rafael R. Lizardi sold 76,523 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $128.02, for a total value of $9,796,474.46. Following the transaction, the chief financial officer now owns 94,648 shares in the company, valued at $12,116,836.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $125.19, for a total value of $24,863,985.90. Following the transaction, the insider now directly owns 102,652 shares of the company’s stock, valued at $12,851,003.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,251,117 shares of company stock valued at $159,473,823. 0.89% of the stock is owned by company insiders.
Texas Instruments stock traded up $0.41 during midday trading on Wednesday, hitting $127.45. 1,494,463 shares of the stock were exchanged, compared to its average volume of 3,628,678. Texas Instruments Incorporated has a 52-week low of $87.70 and a 52-week high of $130.37. The stock has a market capitalization of $118.66 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26. The business’s 50-day moving average price is $123.73 and its 200-day moving average price is $114.53. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.08. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period last year, the company posted $1.37 earnings per share. Texas Instruments’s quarterly revenue was down 8.7% compared to the same quarter last year. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were given a dividend of $0.77 per share. The ex-dividend date was Tuesday, July 30th. This represents a $3.08 annualized dividend and a yield of 2.42%. Texas Instruments’s payout ratio is currently 56.83%.
A number of equities research analysts have commented on the company. SunTrust Banks raised their price objective on Texas Instruments to $133.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Loop Capital increased their target price on Texas Instruments to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. CIBC lifted their price target on shares of Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Charter Equity upgraded shares of Texas Instruments from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $118.71.
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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