New Mexico Educational Retirement Board trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,904 shares of the semiconductor company’s stock after selling 3,200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Texas Instruments were worth $8,826,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Farmers National Bank purchased a new position in Texas Instruments during the 1st quarter worth $35,000. Icon Wealth Partners LLC bought a new stake in Texas Instruments during the 1st quarter valued at $37,000. Global Wealth Management Investment Advisory Inc. boosted its position in Texas Instruments by 919.4% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 331 shares in the last quarter. Shine Investment Advisory Services Inc. boosted its position in Texas Instruments by 348.8% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 279 shares in the last quarter. Finally, Horan Capital Advisors LLC. bought a new stake in Texas Instruments during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.
Several analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $124.00 target price on shares of Texas Instruments in a research report on Tuesday, April 30th. BMO Capital Markets increased their target price on Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. UBS Group reaffirmed a “sell” rating and set a $90.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Barclays increased their target price on Texas Instruments from $105.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, BidaskClub raised Texas Instruments from a “sell” rating to a “hold” rating in a research report on Saturday, June 1st. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $118.74.
NASDAQ TXN traded up $0.96 on Wednesday, reaching $125.27. The stock had a trading volume of 234,659 shares, compared to its average volume of 6,400,649. The firm has a market capitalization of $117.49 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 2.32 and a beta of 1.25. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $130.37. The stock has a fifty day moving average price of $120.79 and a two-hundred day moving average price of $112.56.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Tuesday, July 30th. Texas Instruments’s dividend payout ratio is currently 56.83%.
In related news, CFO Rafael R. Lizardi sold 76,523 shares of the stock in a transaction on Thursday, July 25th. The stock was 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 owns 94,648 shares of the company’s stock, valued at $12,116,836.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider R Gregory Delagi sold 450,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $128.31, for a total value of $57,739,500.00. Following the completion of the transaction, the insider now directly owns 243,755 shares in the company, valued at approximately $31,276,204.05. The disclosure for this sale can be found here. Insiders have sold 1,251,117 shares of company stock worth $159,473,823 in the last ninety days. Corporate 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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