Texas Instruments Incorporated $TXN Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,364,602 shares of the semiconductor company’s stock after selling 53,698 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Texas Instruments were worth $264,924,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Swiss Life Asset Management Ltd raised its stake in shares of Texas Instruments by 10.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock worth $96,321,000 after purchasing an additional 50,808 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $640,000. K.J. Harrison & Partners Inc purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $1,735,000. Thrivent Financial for Lutherans increased its holdings in Texas Instruments by 126.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock worth $26,114,000 after buying an additional 83,884 shares during the period. Finally, RNC Capital Management LLC acquired a new position in Texas Instruments in the 4th quarter worth approximately $2,751,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Texas Instruments news, VP Mohammad Yunus sold 51,098 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $270.44, for a total transaction of $13,818,943.12. Following the completion of the transaction, the vice president directly owned 52,856 shares in the company, valued at approximately $14,294,376.64. This represents a 49.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Amichai Ron sold 18,365 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $272.43, for a total transaction of $5,003,176.95. Following the transaction, the vice president directly owned 81,085 shares in the company, valued at approximately $22,089,986.55. The trade was a 18.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 303,475 shares of company stock worth $85,666,638. Insiders own 0.60% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $291.30 on Wednesday. The firm has a market cap of $265.11 billion, a PE ratio of 49.88, a P/E/G ratio of 1.42 and a beta of 1.32. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The company has a quick ratio of 2.94, a current ratio of 4.46 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $302.23 and a 200 day moving average price of $245.54.

Texas Instruments (NASDAQ:TXNGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.31. Texas Instruments had a return on equity of 32.49% and a net margin of 29.11%.The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. Texas Instruments’s revenue for the quarter was up 18.6% on a year-over-year basis. Sell-side analysts predict that Texas Instruments Incorporated will post 7.68 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be given a dividend of $1.42 per share. The ex-dividend date is Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Texas Instruments’s dividend payout ratio (DPR) is 97.26%.

More Texas Instruments News

Here are the key news stories impacting Texas Instruments this week:

Wall Street Analysts Forecast Growth

Several analysts have commented on TXN shares. Stifel Nicolaus lifted their price objective on shares of Texas Instruments from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Jefferies Financial Group upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. Citigroup reissued a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 14th. Susquehanna boosted their target price on shares of Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a research report on Tuesday. Finally, Zacks Research downgraded shares of Texas Instruments from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $285.44.

Check Out Our Latest Report on TXN

Texas Instruments Company Profile

(Free Report)

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.

See Also

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

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