Park National Corp OH trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,546 shares of the semiconductor company’s stock after selling 824 shares during the period. Park National Corp OH’s holdings in Texas Instruments were worth $5,571,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the business. Comerica Securities Inc. increased its holdings 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 valued at $1,760,000 after acquiring an additional 944 shares during the period. Dimensional Fund Advisors LP grew its stake in Texas Instruments by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,063,272 shares of the semiconductor company’s stock valued at $289,481,000 after purchasing an additional 34,606 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Texas Instruments by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 12,920,679 shares of the semiconductor company’s stock valued at $1,219,104,000 after buying an additional 240,456 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in shares of Texas Instruments by 0.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 28,612 shares of the semiconductor company’s stock valued at $2,704,000 after buying an additional 255 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of Texas Instruments by 38.5% in the 4th quarter. AE Wealth Management LLC now owns 4,503 shares of the semiconductor company’s stock valued at $426,000 after buying an additional 1,251 shares during the period. Hedge funds and other institutional investors own 85.45% of the company’s stock.
In other Texas Instruments news, insider Rafael R. Lizardi sold 27,675 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $117.87, for a total value of $3,262,052.25. Following the transaction, the insider now directly owns 98,809 shares in the company, valued at $11,646,616.83. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Haviv Ilan sold 76,818 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $117.38, for a total transaction of $9,016,896.84. Following the completion of the transaction, the vice president now owns 126,741 shares in the company, valued at $14,876,858.58. The disclosure for this sale can be found here. Insiders sold a total of 879,332 shares of company stock worth $103,024,864 over the last quarter. 0.89% of the stock is currently owned by company insiders.
Texas Instruments stock traded up $1.89 during trading on Tuesday, reaching $120.07. 5,594,865 shares of the company’s stock were exchanged, compared to its average volume of 5,149,560. Texas Instruments Incorporated has a 52-week low of $87.70 and a 52-week high of $120.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68. The company has a market cap of $110.01 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.27 and a beta of 1.25. The business’s 50-day simple moving average is $113.77.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the business earned $1.35 earnings per share. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $3.08 annualized dividend and a dividend yield of 2.57%. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.
Several research analysts recently weighed in on the company. Nomura started coverage on Texas Instruments in a research report on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 price objective for the company. Robert W. Baird cut their price target on Waters from $211.00 to $209.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BidaskClub lowered Inovio Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Saturday, June 1st. Finally, JPMorgan Chase & Co. dropped their price objective on Teck Resources from C$56.00 to C$55.00 in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company. Texas Instruments has a consensus rating of “Hold” and a consensus price target of $109.46.
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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