Kiwi Wealth Investments Limited Partnership lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 51.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,444 shares of the semiconductor company’s stock after selling 77,953 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Texas Instruments were worth $7,526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TXN. Taylor Hoffman Wealth Management acquired a new position in shares of Texas Instruments during the 4th quarter worth $105,000. Penserra Capital Management LLC acquired a new position in shares of Texas Instruments during the 1st quarter worth $106,000. Stelac Advisory Services LLC acquired a new position in shares of Texas Instruments during the 1st quarter worth $110,000. Massey Quick Simon & CO. LLC raised its stake in shares of Texas Instruments by 89.7% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,066 shares of the semiconductor company’s stock worth $111,000 after buying an additional 504 shares during the last quarter. Finally, Risk Paradigm Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth $138,000. 84.33% of the stock is owned by institutional investors.

TXN opened at $115.46 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.62 and a quick ratio of 3.53. The stock has a market capitalization of $112.85 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.28. Texas Instruments Incorporated has a 12 month low of $75.92 and a 12 month high of $120.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Texas Instruments had a return on equity of 43.73% and a net margin of 26.39%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. sell-side analysts forecast that Texas Instruments Incorporated will post 5.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Monday, May 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, May 4th. Texas Instruments’s payout ratio is currently 57.94%.

In other news, insider Kevin J. Ritchie sold 52,698 shares of the business’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $110.17, for a total transaction of $5,805,738.66. Following the completion of the sale, the insider now owns 172,545 shares in the company, valued at approximately $19,009,282.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Niels Anderskouv sold 102,595 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $110.10, for a total value of $11,295,709.50. Following the sale, the insider now owns 110,187 shares of the company’s stock, valued at approximately $12,131,588.70. The disclosure for this sale can be found here. Insiders have sold a total of 175,484 shares of company stock valued at $19,325,083 in the last quarter. Company insiders own 0.84% of the company’s stock.

TXN has been the subject of several research reports. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Longbow Research initiated coverage on shares of Texas Instruments in a research note on Tuesday, March 27th. They issued a “neutral” rating for the company. ValuEngine downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. UBS Group initiated coverage on shares of Texas Instruments in a research note on Wednesday, April 4th. They issued a “sell” rating and a $85.00 target price for the company. Finally, BidaskClub downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. Texas Instruments has an average rating of “Buy” and a consensus price target of $113.36.

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

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