Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Trimmed by State Treasurer State of Michigan

State Treasurer State of Michigan cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 16.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 224,618 shares of the semiconductor company’s stock after selling 45,800 shares during the quarter. State Treasurer State of Michigan’s holdings in Texas Instruments were worth $25,777,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Railway Pension Investments Ltd acquired a new position in Texas Instruments during the 2nd quarter valued at about $12,823,000. DekaBank Deutsche Girozentrale grew its stake in shares of Texas Instruments by 122.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,487,044 shares of the semiconductor company’s stock worth $167,834,000 after purchasing an additional 819,965 shares during the last quarter. NN Investment Partners Holdings N.V. grew its stake in shares of Texas Instruments by 133.9% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 910,166 shares of the semiconductor company’s stock worth $104,450,000 after purchasing an additional 521,088 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Texas Instruments by 89.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,093,931 shares of the semiconductor company’s stock worth $116,032,000 after purchasing an additional 517,285 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Texas Instruments by 17.8% in the 1st quarter. Bank of Montreal Can now owns 3,212,978 shares of the semiconductor company’s stock worth $340,801,000 after purchasing an additional 486,584 shares during the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

In other news, SVP Cynthia Hoff Trochu sold 6,185 shares of Texas Instruments stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $128.22, for a total value of $793,040.70. Following the transaction, the senior vice president now owns 62,417 shares of the company’s stock, valued at $8,003,107.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider R Gregory Delagi sold 198,610 shares of Texas Instruments stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the completion of the transaction, the insider now directly owns 102,652 shares in the company, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. Insiders sold 1,251,117 shares of company stock valued at $159,473,823 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

Several equities analysts have recently issued reports on TXN shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Texas Instruments in a research note on Monday, April 22nd. UBS Group reaffirmed a “sell” rating and issued a $90.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Charter Equity raised shares of Texas Instruments from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 24th. Jefferies Financial Group lifted their price objective on shares of Texas Instruments from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America reissued a “neutral” rating and issued a $122.00 target price (up from $114.00) on shares of Texas Instruments in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have issued a buy rating to the company’s stock. Texas Instruments has a consensus rating of “Hold” and an average target price of $118.74.

NASDAQ TXN traded up $2.20 during trading on Tuesday, reaching $119.13. The company’s stock had a trading volume of 3,099,843 shares, compared to its average volume of 5,430,202. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $110.48 billion, a PE ratio of 21.98, a PEG ratio of 2.30 and a beta of 1.25. The stock has a 50-day simple moving average of $118.17. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $130.37.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.08. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company’s revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 earnings per share. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Tuesday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.

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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