Securian Asset Management Inc trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 97,347 shares of the semiconductor company’s stock after selling 1,484 shares during the period. Securian Asset Management Inc’s holdings in Texas Instruments were worth $10,326,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FTB Advisors Inc. increased its position in shares of Texas Instruments by 2.7% in the first quarter. FTB Advisors Inc. now owns 10,361 shares of the semiconductor company’s stock valued at $1,098,000 after acquiring an additional 275 shares during the last quarter. World Asset Management Inc increased its position in shares of Texas Instruments by 4.2% in the first quarter. World Asset Management Inc now owns 68,564 shares of the semiconductor company’s stock valued at $7,273,000 after acquiring an additional 2,741 shares during the last quarter. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Texas Instruments in the first quarter valued at about $16,558,000. Bank of Montreal Can grew its holdings in Texas Instruments by 17.8% during the first quarter. Bank of Montreal Can now owns 3,212,978 shares of the semiconductor company’s stock worth $340,801,000 after purchasing an additional 486,584 shares during the period. Finally, Alpha Cubed Investments LLC grew its holdings in Texas Instruments by 7.5% during the first quarter. Alpha Cubed Investments LLC now owns 124,010 shares of the semiconductor company’s stock worth $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.
A number of equities analysts recently commented on TXN shares. Robert W. Baird reiterated a “hold” rating and set a $115.00 price target on shares of Texas Instruments in a report on Wednesday, January 23rd. Deutsche Bank reduced their price objective on Texas Instruments to $100.00 and set a “hold” rating for the company in a report on Thursday, January 24th. SunTrust Banks boosted their price objective on Texas Instruments from $93.00 to $103.00 and gave the stock a “hold” rating in a report on Thursday, January 24th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price objective (down previously from $120.00) on shares of Texas Instruments in a report on Thursday, January 24th. Finally, Morgan Stanley restated an “equal weight” rating and set a $100.00 price objective (down previously from $103.00) on shares of Texas Instruments in a report on Thursday, January 24th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $111.18.
In related news, Director Carrie Smith Cox sold 17,002 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 475,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the completion of the transaction, the chairman now directly owns 930,287 shares of the company’s stock, valued at $109,197,088.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 879,332 shares of company stock valued at $103,024,864. Company insiders own 0.89% of the company’s stock.
Shares of TXN stock traded down $0.22 on Wednesday, reaching $106.78. 2,791,832 shares of the company were exchanged, compared to its average volume of 5,546,284. The stock has a market capitalization of $100.19 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.20. 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.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the prior year, the business posted $1.35 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were paid a $0.77 dividend. The ex-dividend date was Friday, May 3rd. This represents a $3.08 annualized dividend and a yield of 2.88%. Texas Instruments’s dividend payout ratio (DPR) is 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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