Chartwell Investment Partners LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 29,696 shares of the semiconductor company’s stock after purchasing an additional 3,785 shares during the period. Chartwell Investment Partners LLC’s holdings in Texas Instruments were worth $3,771,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP grew its stake in shares of Texas Instruments by 115.6% in the 1st quarter. Wellington Management Group LLP now owns 21,559,378 shares of the semiconductor company’s stock worth $2,154,430,000 after acquiring an additional 11,560,600 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Texas Instruments by 30.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,416,637 shares of the semiconductor company’s stock worth $1,440,655,000 after buying an additional 3,357,505 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Texas Instruments by 46.0% in the 1st quarter. Invesco Ltd. now owns 7,091,006 shares of the semiconductor company’s stock worth $708,603,000 after buying an additional 2,234,895 shares during the last quarter. CIBC World Markets Inc. grew its holdings in shares of Texas Instruments by 287.6% in the first quarter. CIBC World Markets Inc. now owns 1,126,438 shares of the semiconductor company’s stock valued at $112,565,000 after acquiring an additional 835,844 shares in the last quarter. Finally, State Street Corp increased its position in shares of Texas Instruments by 1.9% during the first quarter. State Street Corp now owns 40,874,487 shares of the semiconductor company’s stock valued at $4,084,587,000 after acquiring an additional 770,202 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.
In other Texas Instruments news, VP Ahmad Bahai sold 3,185 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $115.57, for a total value of $368,090.45. Following the completion of the transaction, the vice president now owns 27,168 shares of the company’s stock, valued at approximately $3,139,805.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Pamela H. Patsley sold 12,156 shares of Texas Instruments stock in a transaction on Monday, July 27th. The stock was sold at an average price of $132.18, for a total transaction of $1,606,780.08. Following the sale, the director now directly owns 43,082 shares of the company’s stock, valued at $5,694,578.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,396 shares of company stock valued at $15,983,413. 0.73% of the stock is owned by company insiders.
TXN stock opened at $127.55 on Friday. The firm has a 50 day moving average of $128.12 and a 200-day moving average of $119.70. The company has a current ratio of 3.92, a quick ratio of 2.94 and a debt-to-equity ratio of 0.82. Texas Instruments Incorporated has a 12 month low of $93.09 and a 12 month high of $137.65. The firm has a market capitalization of $117.06 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.70 and a beta of 1.13.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.60. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the company posted $1.36 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, July 30th. Texas Instruments’s dividend payout ratio is 68.70%.
Several equities research analysts have recently issued reports on TXN shares. DZ Bank raised Texas Instruments from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research report on Thursday, July 23rd. Citigroup lifted their price objective on shares of Texas Instruments from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. BNP Paribas downgraded shares of Texas Instruments from a “neutral” rating to an “underperform” rating and set a $108.00 target price for the company. in a research report on Thursday, July 9th. Royal Bank of Canada raised their price target on shares of Texas Instruments from $125.00 to $140.00 in a research note on Wednesday, July 22nd. Finally, Credit Suisse Group upped their price objective on Texas Instruments from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $134.00.
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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