Cigna Investments Inc. New increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,519 shares of the semiconductor company’s stock after buying an additional 1,550 shares during the quarter. Cigna Investments Inc. New’s holdings in Texas Instruments were worth $3,349,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of TXN. Orser Capital Management LLC grew its stake in shares of Texas Instruments by 36.4% in the fourth quarter. Orser Capital Management LLC now owns 2,210 shares of the semiconductor company’s stock valued at $282,000 after buying an additional 590 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $120,000. Exane Derivatives grew its stake in shares of Texas Instruments by 10.8% in the fourth quarter. Exane Derivatives now owns 1,111 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 108 shares in the last quarter. Weatherly Asset Management L. P. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $200,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Texas Instruments during the 4th quarter valued at approximately $575,000. Institutional investors and hedge funds own 86.02% of the company’s stock.
In related news, VP Ahmad Bahai sold 3,185 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $115.57, for a total value of $368,090.45. Following the sale, the vice president now directly owns 27,168 shares in the company, valued at approximately $3,139,805.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.
Shares of NASDAQ TXN traded down $0.03 during mid-day trading on Friday, hitting $113.43. The company had a trading volume of 3,010,741 shares, compared to its average volume of 4,875,743. The stock has a market cap of $104.13 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 3.03 and a beta of 1.16. Texas Instruments Incorporated has a 12 month low of $93.09 and a 12 month high of $135.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.49 and a quick ratio of 2.65. The firm’s 50 day simple moving average is $110.42 and its two-hundred day simple moving average is $118.55.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.01 by $0.23. Texas Instruments had a return on equity of 57.45% and a net margin of 35.17%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the firm earned $1.26 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. Equities analysts forecast that Texas Instruments Incorporated will post 4.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 18th. Investors of record on Monday, May 4th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.17%. The ex-dividend date was Friday, May 1st. Texas Instruments’s dividend payout ratio is currently 68.70%.
A number of equities research analysts have weighed in on TXN shares. Rosenblatt Securities lowered their price objective on Texas Instruments from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Loop Capital lowered Texas Instruments from a “buy” rating to a “hold” rating and lowered their price objective for the company from $145.00 to $108.00 in a research note on Wednesday, April 22nd. Royal Bank of Canada lowered their price objective on Texas Instruments from $135.00 to $125.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 22nd. Sanford C. Bernstein lowered their price objective on Texas Instruments from $120.00 to $100.00 and set a “market perform” rating for the company in a research note on Thursday, March 19th. Finally, BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $123.13.
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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