Tredje AP fonden Increases Position in Texas Instruments (TXN)

Tredje AP fonden boosted its stake in Texas Instruments (NASDAQ:TXN) by 13.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,243 shares of the semiconductor company’s stock after purchasing an additional 12,390 shares during the period. Tredje AP fonden’s holdings in Texas Instruments were worth $10,518,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its position in shares of Texas Instruments by 4.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 5,131,931 shares of the semiconductor company’s stock worth $535,979,000 after buying an additional 216,334 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Texas Instruments by 308.9% in the 4th quarter. Acadian Asset Management LLC now owns 12,251 shares of the semiconductor company’s stock worth $1,279,000 after buying an additional 9,255 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Texas Instruments by 9.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,225 shares of the semiconductor company’s stock worth $1,067,000 after buying an additional 886 shares during the last quarter. Patten & Patten Inc. TN grew its position in shares of Texas Instruments by 112.0% in the 4th quarter. Patten & Patten Inc. TN now owns 115,544 shares of the semiconductor company’s stock worth $12,067,000 after buying an additional 61,044 shares during the last quarter. Finally, Palo Capital Inc. grew its position in shares of Texas Instruments by 14.3% in the 4th quarter. Palo Capital Inc. now owns 26,138 shares of the semiconductor company’s stock worth $2,730,000 after buying an additional 3,269 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

TXN has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $125.00 price objective on Texas Instruments and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Citigroup restated a “buy” rating and set a $135.00 price target (up from $110.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. Mizuho restated a “buy” rating and set a $107.00 price target (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Drexel Hamilton restated a “buy” rating and set a $130.00 price target (up from $110.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Finally, Argus lifted their price target on Texas Instruments to $122.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $113.36.

Texas Instruments opened at $110.54 on Monday, Marketbeat reports. The firm has a market capitalization of $108.21 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.62 and a quick ratio of 3.53. Texas Instruments has a 1-year low of $75.92 and a 1-year high of $120.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 24th. The semiconductor company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Texas Instruments had a return on equity of 43.73% and a net margin of 26.39%. Texas Instruments’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. research analysts anticipate that Texas Instruments will post 5.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 21st. Investors of record on Monday, May 7th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, May 4th. Texas Instruments’s dividend payout ratio (DPR) is presently 57.94%.

In other Texas Instruments news, insider Kevin J. Ritchie sold 52,698 shares of the company’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $110.17, for a total value of $5,805,738.66. Following the completion of the sale, the insider now owns 172,545 shares in the company, valued at $19,009,282.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Niels Anderskouv sold 102,595 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $110.10, for a total value of $11,295,709.50. Following the completion of the sale, the insider now owns 110,187 shares of the company’s stock, valued at approximately $12,131,588.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,484 shares of company stock valued at $19,325,083. 0.84% of the stock is owned by company 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.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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