National Asset Management Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,350 shares of the semiconductor company’s stock after purchasing an additional 507 shares during the quarter. National Asset Management Inc.’s holdings in Texas Instruments were worth $1,524,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc raised its holdings in shares of Texas Instruments by 1.0% in the third quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock worth $9,175,968,000 after acquiring an additional 807,808 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of 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 worth $256,000 after acquiring an additional 23,836,621 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Texas Instruments by 1.8% in the fourth quarter. Northern Trust Corp now owns 13,762,531 shares of the semiconductor company’s stock worth $1,300,560,000 after acquiring an additional 246,740 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 worth $1,219,104,000 after acquiring an additional 240,456 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Texas Instruments in the fourth quarter worth $864,454,000. 85.63% of the stock is owned by hedge funds and other institutional investors.
In other Texas Instruments news, Chairman Richard K. Templeton sold 475,000 shares of the business’s stock in a transaction dated 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 sale, the chairman now owns 930,287 shares of the company’s stock, valued at $109,197,088.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rafael R. Lizardi sold 27,675 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $117.87, for a total value of $3,262,052.25. Following the sale, the insider now directly owns 98,809 shares of the company’s stock, valued at approximately $11,646,616.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 879,332 shares of company stock valued at $103,024,864. 0.89% of the stock is owned by company insiders.
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, beating the Zacks’ consensus estimate of $1.13 by $0.09. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the previous year, the business earned $1.35 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
A number of brokerages have recently commented on TXN. BidaskClub downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research report on Monday, January 28th. Bank of America reaffirmed a “neutral” rating and issued a $122.00 price objective (up previously from $114.00) on shares of Texas Instruments in a research report on Wednesday, April 24th. Robert W. Baird lifted their price objective on Texas Instruments from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $111.18.
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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