Texas Instruments Inc. (TXN) Shares Sold by Retirement Systems of Alabama
Retirement Systems of Alabama lowered its position in shares of Texas Instruments Inc. (NASDAQ:TXN) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 570,488 shares of the company’s stock after selling 13,404 shares during the period. Retirement Systems of Alabama owned 0.06% of Texas Instruments worth $40,037,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. HRT Financial LLC bought a new stake in Texas Instruments during the second quarter worth about $294,000. Shell Asset Management Co. raised its stake in Texas Instruments by 14.9% in the second quarter. Shell Asset Management Co. now owns 169,435 shares of the company’s stock worth $10,615,000 after buying an additional 22,027 shares in the last quarter. Seminole Management Co. Inc. raised its stake in Texas Instruments by 5.7% in the second quarter. Seminole Management Co. Inc. now owns 456,615 shares of the company’s stock worth $28,607,000 after buying an additional 24,441 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Texas Instruments by 1.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 160,154 shares of the company’s stock worth $10,034,000 after buying an additional 2,785 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its stake in Texas Instruments by 2.2% in the second quarter. Evercore Wealth Management LLC now owns 391,085 shares of the company’s stock worth $24,502,000 after buying an additional 8,291 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.
Shares of Texas Instruments Inc. (NASDAQ:TXN) traded down 0.07% during midday trading on Tuesday, hitting $74.48. The stock had a trading volume of 236,727 shares. The firm has a 50-day moving average price of $70.48 and a 200-day moving average price of $66.98. Texas Instruments Inc. has a 1-year low of $46.73 and a 1-year high of $74.89. The firm has a market cap of $74.44 billion, a price-to-earnings ratio of 23.64 and a beta of 1.28.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, October 26th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.08. The company earned $3.68 billion during the quarter. Texas Instruments had a return on equity of 31.60% and a net margin of 24.73%. Texas Instruments’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 EPS. On average, equities analysts anticipate that Texas Instruments Inc. will post $3.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were issued a $0.50 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.68%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.38. Texas Instruments’s dividend payout ratio is presently 63.49%.
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Several equities research analysts have recently weighed in on TXN shares. BNP Paribas raised Texas Instruments from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 4th. Exane BNP Paribas raised Texas Instruments from an “underperform” rating to a “neutral” rating in a research report on Friday, August 5th. Royal Bank Of Canada lifted their price target on Texas Instruments from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, August 22nd. RBC Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target (up previously from $75.00) on shares of Texas Instruments in a research report on Monday, August 22nd. Finally, Sanford C. Bernstein raised Texas Instruments from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $70.00 to $80.00 in a research report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and an average target price of $70.43.
In other news, insider Brian T. Crutcher sold 15,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $70.69, for a total value of $1,060,350.00. Following the completion of the sale, the insider now owns 309,250 shares in the company, valued at $21,860,882.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by insiders.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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