Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 10.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 152,961 shares of the semiconductor company’s stock after buying an additional 14,648 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Texas Instruments were worth $16,225,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TXN. FTB Advisors Inc. increased its holdings in shares of Texas Instruments by 2.7% during the first quarter. FTB Advisors Inc. now owns 10,361 shares of the semiconductor company’s stock worth $1,098,000 after buying an additional 275 shares in the last quarter. World Asset Management Inc increased its holdings in shares of Texas Instruments by 4.2% during the first quarter. World Asset Management Inc now owns 68,564 shares of the semiconductor company’s stock worth $7,273,000 after buying an additional 2,741 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new position in shares of Texas Instruments during the first quarter worth $16,558,000. Bank of Montreal Can increased its holdings in Texas Instruments by 17.8% in the first quarter. Bank of Montreal Can now owns 3,212,978 shares of the semiconductor company’s stock valued at $340,801,000 after purchasing an additional 486,584 shares during the period. Finally, Alpha Cubed Investments LLC increased its holdings in Texas Instruments by 7.5% in the first quarter. Alpha Cubed Investments LLC now owns 124,010 shares of the semiconductor company’s stock valued at $13,154,000 after purchasing an additional 8,687 shares during the period. Hedge funds and other institutional investors own 86.72% of the company’s stock.
In other Texas Instruments news, Director Carrie Smith Cox sold 17,002 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.08, for a total value of $1,973,592.16. Following the completion of the transaction, the director now directly owns 40,299 shares of the company’s stock, valued at approximately $4,677,907.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bing Xie sold 20,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.75, for a total transaction of $2,335,000.00. Following the completion of the transaction, the insider now directly owns 53,934 shares of the company’s stock, valued at $6,296,794.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 879,332 shares of company stock valued at $103,024,864. 0.89% of the stock is currently owned by company insiders.
NASDAQ:TXN traded down $0.22 on Wednesday, hitting $106.78. The stock had a trading volume of 2,791,832 shares, compared to its average volume of 5,546,284. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68. The firm has a market cap of $100.19 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.20. Texas Instruments Incorporated has a 1 year low of $87.70 and a 1 year high of $119.32.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the business posted $1.35 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, May 3rd. This represents a $3.08 annualized dividend and a dividend yield of 2.88%. Texas Instruments’s payout ratio is currently 56.83%.
TXN has been the subject of a number of recent research reports. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. BMO Capital Markets restated a “buy” rating and issued a $120.00 price objective on shares of Texas Instruments in a report on Thursday, January 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $137.00 price target (down previously from $139.00) on shares of Texas Instruments in a research report on Thursday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $120.00 price target on shares of Texas Instruments in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $130.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $111.18.
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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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