Twin Capital Management Inc. Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Twin Capital Management Inc. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 45.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 30,218 shares of the semiconductor company’s stock after selling 24,872 shares during the quarter. Twin Capital Management Inc.’s holdings in Texas Instruments were worth $3,468,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Janus Henderson Group PLC lifted its stake in Texas Instruments by 0.8% during the second quarter. Janus Henderson Group PLC now owns 15,856,423 shares of the semiconductor company’s stock worth $1,819,554,000 after purchasing an additional 132,226 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its stake in Texas Instruments by 9.2% during the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,104,000 shares of the semiconductor company’s stock worth $470,154,000 after purchasing an additional 345,000 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Texas Instruments by 2.2% during the first quarter. Parametric Portfolio Associates LLC now owns 3,321,755 shares of the semiconductor company’s stock worth $352,339,000 after purchasing an additional 72,745 shares during the last quarter. Bank of Montreal Can lifted its stake in Texas Instruments by 17.8% during the first 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. Finally, Swiss National Bank lifted its stake in Texas Instruments by 1.4% during the first quarter. Swiss National Bank now owns 3,206,294 shares of the semiconductor company’s stock worth $340,092,000 after purchasing an additional 45,800 shares during the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.

In related news, CFO Rafael R. Lizardi sold 76,523 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the transaction, the chief financial officer now owns 94,648 shares of the company’s stock, valued at $12,116,836.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R Gregory Delagi sold 450,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $128.31, for a total value of $57,739,500.00. Following the sale, 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. In the last three months, insiders sold 1,251,117 shares of company stock worth $159,473,823. Corporate insiders own 0.89% of the company’s stock.

TXN has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $124.00 target price on shares of Texas Instruments in a research note on Tuesday, April 30th. Deutsche Bank restated a “neutral” rating and set a $120.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Oppenheimer boosted their target price on Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $118.74.

Shares of NASDAQ:TXN traded up $2.59 during trading on Friday, reaching $122.44. The company had a trading volume of 102,851 shares, compared to its average volume of 6,438,022. The firm has a market capitalization of $115.15 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. The stock’s fifty day moving average price is $119.98 and its 200 day moving average price is $112.22. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $130.37.

Texas Instruments (NASDAQ:TXN) last released 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 business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s payout ratio is currently 56.83%.

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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