PGGM Investments Buys 50,000 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

PGGM Investments increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,000 shares of the semiconductor company’s stock after buying an additional 50,000 shares during the period. PGGM Investments owned 0.07% of Texas Instruments worth $77,922,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cordasco Financial Network purchased a new stake in Texas Instruments in the first quarter worth about $27,000. Farmers National Bank purchased a new stake in Texas Instruments in the first quarter worth about $35,000. Icon Wealth Partners LLC purchased a new stake in Texas Instruments in the first quarter worth about $37,000. Global Wealth Management Investment Advisory Inc. grew its holdings in Texas Instruments by 919.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 331 shares during the period. Finally, Shine Investment Advisory Services Inc. grew its holdings in Texas Instruments by 348.8% in the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 279 shares during the period. 85.51% of the stock is owned by institutional investors.

TXN stock traded up $2.05 on Tuesday, hitting $118.98. The company had a trading volume of 210,095 shares, compared to its average volume of 5,430,202. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $130.37. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $118.17. The company has a market capitalization of $110.48 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter last year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. Analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Wednesday, July 31st will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, July 30th. Texas Instruments’s dividend payout ratio is currently 56.83%.

In other Texas Instruments news, SVP Bing Xie sold 52,299 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $127.75, for a total value of $6,681,197.25. Following the transaction, the senior vice president now directly owns 106,264 shares in the company, valued at $13,575,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider R Gregory Delagi sold 450,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 243,755 shares in the company, valued at $31,276,204.05. The disclosure for this sale can be found here. Insiders sold 1,251,117 shares of company stock worth $159,473,823 in the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on TXN. Robert W. Baird upped their price objective on shares of Texas Instruments from $97.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. CIBC increased their price target on shares of Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Credit Suisse Group increased their price target on shares of Texas Instruments from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Nomura initiated coverage on shares of Texas Instruments in a report on Tuesday, May 7th. They set a “neutral” rating and a $106.00 price target on the stock. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $118.74.

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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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