Texas Instruments Incorporated (TXN) Shares Sold by Associated Banc Corp

Associated Banc Corp lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,479 shares of the semiconductor company’s stock after selling 202 shares during the quarter. Associated Banc Corp’s holdings in Texas Instruments were worth $1,960,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TXN. Vanguard Group Inc boosted its holdings 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 purchasing an additional 807,808 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Texas Instruments by 6,709.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock worth $256,000 after purchasing an additional 23,836,621 shares during the last quarter. Northern Trust Corp boosted its holdings in Texas Instruments by 1.8% during the fourth quarter. Northern Trust Corp now owns 13,762,531 shares of the semiconductor company’s stock worth $1,300,560,000 after purchasing an additional 246,740 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Texas Instruments by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,920,679 shares of the semiconductor company’s stock worth $1,219,104,000 after purchasing an additional 240,456 shares during the last quarter. Finally, Norges Bank acquired a new position in Texas Instruments during the fourth quarter worth $864,454,000. Institutional investors own 86.72% of the company’s stock.

Several research analysts recently commented on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $130.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Deutsche Bank increased their target price on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. UBS Group restated a “sell” rating and set a $90.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. ValuEngine cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $124.00 target price on shares of Texas Instruments in a report on Tuesday, April 30th. 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $111.18.

In other news, Director Carrie Smith Cox sold 17,002 shares of the stock in a transaction dated 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 transaction, the director now directly owns 40,299 shares of the company’s stock, valued at $4,677,907.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 475,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were 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 in the company, valued at $109,197,088.06. The disclosure for this sale can be found here. Insiders have sold 879,332 shares of company stock worth $103,024,864 over the last ninety days. Insiders own 0.89% of the company’s stock.

NASDAQ TXN opened at $106.79 on Monday. 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. The firm has a market cap of $100.19 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.04 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is currently 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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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