APG Asset Management N.V. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 15.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 850,819 shares of the semiconductor company’s stock after selling 160,646 shares during the quarter. APG Asset Management N.V.’s holdings in Texas Instruments were worth $80,373,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of TXN. Credit Agricole S A lifted its position in Texas Instruments by 85.8% in the 4th quarter. Credit Agricole S A now owns 210 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 97 shares in the last quarter. Atlas Private Wealth Management purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $28,000. HHM Wealth Advisors LLC purchased a new stake in shares of Texas Instruments in the 1st quarter worth about $34,000. FSA Wealth Management LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $38,000. Finally, New England Investment & Retirement Group Inc. purchased a new stake in shares of Texas Instruments in the 1st quarter worth about $40,000. 83.88% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ TXN traded down $4.29 on Thursday, reaching $127.11. 1,824,893 shares of the stock were exchanged, compared to its average volume of 6,351,236. Texas Instruments Incorporated has a one year low of $93.09 and a one year high of $135.70. The firm has a market capitalization of $117.18 billion, a PE ratio of 24.63, a PEG ratio of 3.51 and a beta of 1.15. The company’s 50-day simple moving average is $116.05 and its two-hundred day simple moving average is $118.85. The company has a current ratio of 3.49, a quick ratio of 2.65 and a debt-to-equity ratio of 0.71.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.23. Texas Instruments had a net margin of 35.17% and a return on equity of 57.45%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the business earned $1.26 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. Sell-side analysts forecast that Texas Instruments Incorporated will post 4.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 4th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Friday, May 1st. Texas Instruments’s dividend payout ratio (DPR) is currently 68.70%.
TXN has been the topic of a number of recent research reports. Longbow Research started coverage on shares of Texas Instruments in a research report on Wednesday, April 22nd. They issued a “neutral” rating on the stock. Royal Bank of Canada cut their price objective on shares of Texas Instruments from $135.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 22nd. Sanford C. Bernstein cut their price objective on shares of Texas Instruments from $120.00 to $100.00 and set a “market perform” rating on the stock in a research report on Thursday, March 19th. Nomura Securities reissued a “hold” rating and set a $120.00 price objective on shares of Texas Instruments in a research report on Tuesday, March 10th. Finally, Barclays downgraded shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and set a $105.00 price objective on the stock. in a research report on Friday, April 17th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $123.13.
In related news, VP Ahmad Bahai sold 8,575 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $115.60, for a total value of $991,270.00. Following the completion of the transaction, the vice president now directly owns 28,258 shares of the company’s stock, valued at $3,266,624.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.
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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