Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 44.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,716 shares of the semiconductor company’s stock after buying an additional 55,560 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Texas Instruments were worth $19,169,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. HNP Capital LLC boosted its stake in Texas Instruments by 1.3% in the 1st quarter. HNP Capital LLC now owns 7,590 shares of the semiconductor company’s stock worth $805,000 after purchasing an additional 95 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Texas Instruments by 3.4% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,000 shares of the semiconductor company’s stock valued at $284,000 after acquiring an additional 100 shares during the period. Northwest Bancshares Inc. lifted its stake in Texas Instruments by 3.3% during the 1st quarter. Northwest Bancshares Inc. now owns 3,156 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 100 shares during the period. Trust Co. of Vermont lifted its stake in Texas Instruments by 1.0% during the 4th quarter. Trust Co. of Vermont now owns 10,811 shares of the semiconductor company’s stock valued at $1,022,000 after acquiring an additional 102 shares during the period. Finally, HighPoint Advisor Group LLC lifted its stake in shares of Texas Instruments by 0.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 17,387 shares of the semiconductor company’s stock worth $1,868,000 after purchasing an additional 102 shares during the period. 86.72% of the stock is currently owned by institutional investors.
In related news, Director Carrie Smith Cox sold 17,002 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.08, for a total value of $1,973,592.16. Following the completion of the sale, the director now directly owns 40,299 shares in the company, valued at $4,677,907.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Rafael R. Lizardi sold 27,675 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $117.87, for a total value of $3,262,052.25. Following the completion of the sale, the insider now owns 98,809 shares of the company’s stock, valued at $11,646,616.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 879,332 shares of company stock valued at $103,024,864. Insiders own 0.89% of the company’s stock.
TXN has been the topic of several recent research reports. Robert W. Baird reiterated a “hold” rating and issued a $115.00 price objective on shares of Texas Instruments in a research note on Wednesday, January 23rd. Deutsche Bank lowered their price objective on shares of Texas Instruments to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 24th. SunTrust Banks increased their price objective on shares of Texas Instruments from $93.00 to $103.00 and gave the stock a “hold” rating in a research note on Thursday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 target price (down from $120.00) on shares of Texas Instruments in a report on Thursday, January 24th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $100.00 target price (down 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 given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $111.18.
TXN traded down $0.22 during trading on Wednesday, reaching $106.78. 2,791,832 shares of the company traded hands, compared to its average volume of 5,546,284. 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 12-month low of $87.70 and a 12-month high of $119.32. The firm has a market cap of $100.19 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.20.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period last year, the firm posted $1.35 EPS. The company’s revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is currently 56.83%.
Texas Instruments Company 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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