Municipal Employees Retirement System of Michigan Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Municipal Employees Retirement System of Michigan trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 34.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 13,000 shares of the semiconductor company’s stock after selling 6,690 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Texas Instruments were worth $1,492,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Comerica Securities Inc. raised its position in shares of Texas Instruments by 5.3% in the 4th quarter. Comerica Securities Inc. now owns 18,627 shares of the semiconductor company’s stock worth $1,760,000 after acquiring an additional 944 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Texas Instruments by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,063,272 shares of the semiconductor company’s stock worth $289,481,000 after acquiring an additional 34,606 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Texas Instruments in the 1st quarter worth approximately $60,000. First Manhattan Co. raised its position in shares of Texas Instruments by 0.9% in the 1st quarter. First Manhattan Co. now owns 52,615 shares of the semiconductor company’s stock worth $5,581,000 after acquiring an additional 444 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of Texas Instruments by 114.0% in the 1st quarter. Virtu Financial LLC now owns 56,664 shares of the semiconductor company’s stock worth $6,010,000 after acquiring an additional 30,189 shares in the last quarter. 85.91% of the stock is currently owned by institutional investors.

TXN traded up $3.11 during trading on Tuesday, hitting $123.20. 2,901,756 shares of the company’s stock traded hands, compared to its average volume of 6,360,526. The business’s 50 day moving average is $119.53. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $130.37. The firm has a market cap of $111.57 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 2.28 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 EPS for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $3.60 billion. During the same period last year, the business posted $1.37 EPS. The company’s revenue was down 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.77 per share. The ex-dividend date was Tuesday, July 30th. This represents a $3.08 annualized dividend and a yield of 2.50%. Texas Instruments’s dividend payout ratio is 56.83%.

In other Texas Instruments news, insider R Gregory Delagi sold 450,000 shares of the stock in a transaction 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 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 document filed with the SEC, which is accessible through the SEC website. Also, SVP Bing Xie sold 52,299 shares of the stock in a transaction 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 sale, the senior vice president now owns 106,264 shares in the company, valued at $13,575,226. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,251,117 shares of company stock worth $159,473,823. Company insiders own 0.89% of the company’s stock.

Several research analysts have recently issued reports on the company. Deutsche Bank reissued a “neutral” rating and issued a $120.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. SunTrust Banks increased their target price on Texas Instruments to $133.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Nomura assumed coverage on Texas Instruments in a research report on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 target price for the company. Longbow Research lowered Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 target price for the company. in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group raised their price objective on Texas Instruments from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Texas Instruments presently has an average rating of “Hold” and an average price target 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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