Wintrust Investments LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,731 shares of the semiconductor company’s stock after purchasing an additional 175 shares during the quarter. Wintrust Investments LLC’s holdings in Texas Instruments were worth $428,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in Texas Instruments by 0.8% in the 2nd quarter. Janus Henderson Group PLC now owns 15,856,423 shares of the semiconductor company’s stock valued at $1,819,554,000 after purchasing an additional 132,226 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt raised its position in shares of Texas Instruments by 9.2% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,104,000 shares of the semiconductor company’s stock worth $470,154,000 after buying an additional 345,000 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Texas Instruments by 2.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 3,321,755 shares of the semiconductor company’s stock worth $352,339,000 after buying an additional 72,745 shares in the last quarter. Bank of Montreal Can raised its position in shares of Texas Instruments by 17.8% during the 1st quarter. Bank of Montreal Can now owns 3,212,978 shares of the semiconductor company’s stock worth $340,801,000 after buying an additional 486,584 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Texas Instruments by 1.4% during the 1st quarter. Swiss National Bank now owns 3,206,294 shares of the semiconductor company’s stock worth $340,092,000 after buying an additional 45,800 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.
Shares of Texas Instruments stock traded up $1.55 during trading on Wednesday, hitting $125.86. The stock had a trading volume of 145,246 shares, compared to its average volume of 6,400,649. The stock has a 50 day simple moving average of $120.79 and a 200 day simple moving average of $112.56. The company has a market capitalization of $117.49 billion, a PE ratio of 23.19, 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 1 year low of $87.70 and a 1 year 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 for the quarter, topping the consensus estimate of $1.21 by $0.08. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 56.83%.
A number of analysts have commented on TXN shares. ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. SunTrust Banks boosted their price target on shares of Texas Instruments to $133.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Charter Equity upgraded shares of Texas Instruments from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 24th. Bank of America restated a “neutral” rating and set a $122.00 price target (up from $114.00) on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, BMO Capital Markets boosted their price target on shares of Texas Instruments from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Two investment 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 stock presently has an average rating of “Hold” and a consensus price target of $118.74.
In related news, SVP Cynthia Hoff Trochu sold 6,185 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $128.22, for a total transaction of $793,040.70. Following the completion of the sale, the senior vice president now directly owns 62,417 shares in the company, valued at $8,003,107.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider R Gregory Delagi sold 450,000 shares of the firm’s stock in a transaction that occurred 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 owns 243,755 shares of the company’s stock, valued at $31,276,204.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,251,117 shares of company stock worth $159,473,823. 0.89% of the stock is currently owned by insiders.
About Texas Instruments
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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