Nordea Investment Management AB raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,537,323 shares of the semiconductor company’s stock after acquiring an additional 15,033 shares during the period. Nordea Investment Management AB’s holdings in Texas Instruments were worth $269,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC grew its position in Texas Instruments by 103.2% in the 1st quarter. Advisory Services Network LLC now owns 12,294 shares of the semiconductor company’s stock valued at $1,304,000 after acquiring an additional 6,245 shares during the last quarter. Allstate Corp grew its position in Texas Instruments by 0.3% in the 1st quarter. Allstate Corp now owns 77,704 shares of the semiconductor company’s stock valued at $8,242,000 after acquiring an additional 253 shares during the last quarter. Cerebellum GP LLC grew its position in Texas Instruments by 12.9% in the 1st quarter. Cerebellum GP LLC now owns 3,115 shares of the semiconductor company’s stock valued at $330,000 after acquiring an additional 357 shares during the last quarter. GYL Financial Synergies LLC bought a new position in Texas Instruments in the 1st quarter valued at $1,297,000. Finally, Rehmann Capital Advisory Group grew its position in Texas Instruments by 5.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 5,479 shares of the semiconductor company’s stock valued at $581,000 after acquiring an additional 303 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.
TXN has been the topic of several research analyst reports. ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Loop Capital increased their price target on Texas Instruments to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. reissued a “buy” rating and set a $130.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Rosenblatt Securities reissued a “buy” rating and set a $120.00 price target on shares of Texas Instruments in a research report on Monday, April 22nd. Finally, Morgan Stanley increased their price target on Texas Instruments from $100.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and a consensus price target of $111.18.
In other news, insider Bing Xie sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $116.75, for a total value of $2,335,000.00. Following the completion of the transaction, the insider now directly owns 53,934 shares in the company, valued at $6,296,794.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard K. Templeton sold 160,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $116.77, for a total value of $18,683,200.00. Following the completion of the transaction, the chief executive officer now owns 930,287 shares of the company’s stock, valued at $108,629,612.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 879,332 shares of company stock valued at $103,024,864. Company insiders own 0.89% of the company’s stock.
Texas Instruments stock opened at $107.31 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $119.32. The stock has a market capitalization of $100.68 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period last year, the business posted $1.35 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
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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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