Trust Co. of Oklahoma lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,005 shares of the semiconductor company’s stock after selling 400 shares during the quarter. Trust Co. of Oklahoma’s holdings in Texas Instruments were worth $460,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC boosted its stake in shares of Texas Instruments by 103.2% during the 1st quarter. Advisory Services Network LLC now owns 12,294 shares of the semiconductor company’s stock valued at $1,304,000 after buying an additional 6,245 shares during the last quarter. Dowling & Yahnke LLC lifted its stake in Texas Instruments by 0.7% during the second quarter. Dowling & Yahnke LLC now owns 62,176 shares of the semiconductor company’s stock worth $7,135,000 after purchasing an additional 422 shares during the last quarter. M Holdings Securities Inc. bought a new position in Texas Instruments during the first quarter worth $216,000. Duality Advisers LP lifted its stake in Texas Instruments by 15.0% during the first quarter. Duality Advisers LP now owns 101,550 shares of the semiconductor company’s stock worth $10,771,000 after purchasing an additional 13,280 shares during the last quarter. Finally, Commerce Bank lifted its stake in Texas Instruments by 38.6% during the first quarter. Commerce Bank now owns 468,198 shares of the semiconductor company’s stock worth $49,662,000 after purchasing an additional 130,310 shares during the last quarter. 85.51% of the stock is owned by hedge funds and other institutional investors.
In other Texas Instruments news, insider R Gregory Delagi sold 450,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $128.31, for a total transaction of $57,739,500.00. Following the completion of the sale, the insider now directly owns 243,755 shares in the company, valued at approximately $31,276,204.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cynthia Hoff Trochu sold 6,185 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total value of $793,040.70. Following the sale, the senior vice president now owns 62,417 shares of the company’s stock, valued at $8,003,107.74. The disclosure for this sale can be found here. Insiders sold a total of 1,052,507 shares of company stock valued at $134,609,837 in the last quarter. 0.89% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:TXN traded down $4.97 during midday trading on Monday, reaching $116.85. The company had a trading volume of 5,747,885 shares, compared to its average volume of 5,207,571. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $130.37. The company has a market capitalization of $113.73 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25. The company has a fifty day simple moving average of $117.39.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.08. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same quarter last year, the company posted $1.37 EPS. Texas Instruments’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Wednesday, July 31st will be given a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.64%. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.
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.
See Also: Sell-Side Analysts
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