Virginia Retirement Systems ET AL increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 28.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,300 shares of the semiconductor company’s stock after buying an additional 40,300 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Texas Instruments were worth $20,691,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Sumitomo Life Insurance Co. lifted its holdings in shares of Texas Instruments by 4.2% in the second quarter. Sumitomo Life Insurance Co. now owns 31,285 shares of the semiconductor company’s stock valued at $3,590,000 after buying an additional 1,264 shares during the period. JNBA Financial Advisors lifted its holdings in shares of Texas Instruments by 10.0% in the second quarter. JNBA Financial Advisors now owns 2,200 shares of the semiconductor company’s stock valued at $252,000 after buying an additional 200 shares during the period. Halbert Hargrove Russell LLC acquired a new stake in shares of Texas Instruments in the second quarter valued at $210,000. Edge Capital Group LLC acquired a new stake in shares of Texas Instruments in the second quarter valued at $268,000. Finally, Asset Planning Services Inc. LA ADV lifted its holdings in shares of Texas Instruments by 0.6% in the second quarter. Asset Planning Services Inc. LA ADV now owns 36,550 shares of the semiconductor company’s stock valued at $4,194,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 85.51% of the company’s stock.
NASDAQ:TXN traded up $1.73 during trading hours on Tuesday, hitting $118.66. 195,293 shares of the company’s stock traded hands, compared to its average volume of 5,430,202. 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 twelve month low of $87.70 and a twelve month high of $130.37. The stock has a fifty day moving average price of $118.17. The stock has a market cap of $110.48 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.30 and a beta of 1.25.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, July 30th. Texas Instruments’s payout ratio is currently 56.83%.
Several equities research analysts have recently commented on TXN shares. ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. BidaskClub raised Texas Instruments from a “sell” rating to a “hold” rating in a report on Saturday, June 1st. SunTrust Banks upped their target price on Texas Instruments to $133.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Charter Equity raised Texas Instruments from a “market perform” rating to a “buy” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird upped their target price on Texas Instruments from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $118.74.
In other news, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the transaction, the insider now owns 102,652 shares of the company’s stock, valued at approximately $12,851,003.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Rafael R. Lizardi sold 76,523 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $128.02, for a total value of $9,796,474.46. Following the transaction, the chief financial officer now directly owns 94,648 shares in the company, valued at approximately $12,116,836.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,251,117 shares of company stock worth $159,473,823. Insiders own 0.89% of the company’s stock.
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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