Migdal Insurance & Financial Holdings Ltd. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,018 shares of the semiconductor company’s stock after selling 540 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Texas Instruments were worth $1,169,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc lifted its position in Texas Instruments by 1.0% during the third quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock worth $9,175,968,000 after buying an additional 807,808 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Texas Instruments by 6,709.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 23,836,621 shares during the period. Northern Trust Corp raised its position in Texas Instruments by 1.8% in the fourth quarter. Northern Trust Corp now owns 13,762,531 shares of the semiconductor company’s stock valued at $1,300,560,000 after purchasing an additional 246,740 shares during the period. Geode Capital Management LLC raised its position in Texas Instruments by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,920,679 shares of the semiconductor company’s stock valued at $1,219,104,000 after purchasing an additional 240,456 shares during the period. Finally, Norges Bank purchased a new stake in Texas Instruments in the fourth quarter valued at $864,454,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.
TXN has been the topic of a number of research analyst reports. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Longbow Research downgraded Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 target price on the stock. in a research report on Wednesday, April 17th. DZ Bank downgraded Texas Instruments from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $97.00 price objective on shares of Texas Instruments in a report on Tuesday, February 5th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $111.18.
Shares of NASDAQ:TXN traded up $0.94 on Wednesday, hitting $104.15. 4,296,278 shares of the company’s stock were exchanged, compared to its average volume of 5,507,652. The stock has a market cap of $96.52 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $119.32.
Texas Instruments (NASDAQ:TXN) last announced its earnings results 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. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were given a $0.77 dividend. The ex-dividend date was Friday, May 3rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.96%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
In other news, Chairman Richard K. Templeton sold 475,000 shares of the 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 approximately $109,197,088.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carrie Smith Cox sold 17,002 shares of the company’s stock in a transaction that occurred 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 owns 40,299 shares in the company, valued at approximately $4,677,907.92. 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. 0.89% of the stock is owned by company insiders.
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About Texas Instruments
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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