Ardevora Asset Management LLP cut its stake in Texas Instruments (NASDAQ:TXN) by 1.6% in the first quarter, HoldingsChannel.com reports. The firm owned 298,995 shares of the semiconductor company’s stock after selling 4,805 shares during the quarter. Ardevora Asset Management LLP’s holdings in Texas Instruments were worth $31,063,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Taylor Hoffman Wealth Management acquired a new position in Texas Instruments in the 4th quarter worth $105,000. Massey Quick Simon & CO. LLC boosted its stake in Texas Instruments by 89.7% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,066 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 504 shares during the period. Risk Paradigm Group LLC acquired a new position in Texas Instruments in the 4th quarter worth $138,000. We Are One Seven LLC bought a new stake in Texas Instruments during the 4th quarter worth about $144,000. Finally, Truewealth LLC bought a new stake in Texas Instruments during the 4th quarter worth about $150,000. 85.30% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Kevin J. Ritchie sold 52,698 shares of the company’s stock in a transaction dated Friday, May 11th. The shares were 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Niels Anderskouv sold 20,191 shares of the company’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $110.13, for a total transaction of $2,223,634.83. Following the completion of the transaction, the vice president now owns 110,187 shares in the company, valued at approximately $12,134,894.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,484 shares of company stock worth $19,325,083. 0.84% of the stock is owned by company insiders.
Several equities research analysts have commented on the stock. B. Riley boosted their price target on shares of Texas Instruments from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 25th. Mizuho reissued a “buy” rating and set a $107.00 price target (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. DZ Bank raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Finally, Nomura boosted their price target on shares of Texas Instruments from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $113.36.
Shares of TXN stock opened at $110.33 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.53 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $106.91 billion, a PE ratio of 25.78, a PEG ratio of 2.14 and a beta of 1.25. Texas Instruments has a 52-week low of $109.62 and a 52-week high of $110.95.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.10. Texas Instruments had a net margin of 26.39% and a return on equity of 43.73%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the business earned $0.89 EPS. Texas Instruments’s quarterly revenue was up 11.4% on a year-over-year basis. equities analysts forecast that Texas Instruments will post 5.31 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Investors of record on Monday, May 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, May 4th. This represents a $2.48 dividend on an annualized basis and a yield of 2.25%. Texas Instruments’s dividend payout ratio (DPR) is currently 57.94%.
Texas Instruments 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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