Vaughan Nelson Investment Management L.P. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 727,843 shares of the semiconductor company’s stock after buying an additional 37,475 shares during the quarter. Texas Instruments accounts for about 1.0% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 21st largest holding. Vaughan Nelson Investment Management L.P.’s holdings in Texas Instruments were worth $77,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Green Square Capital LLC acquired a new stake in Texas Instruments in the fourth quarter worth $1,354,000. Bahl & Gaynor Inc. increased its position in Texas Instruments by 47.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock worth $264,036,000 after buying an additional 904,477 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Texas Instruments in the first quarter worth $5,100,000. Commerce Bank increased its position in Texas Instruments by 38.6% in the first quarter. Commerce Bank now owns 468,198 shares of the semiconductor company’s stock worth $49,662,000 after buying an additional 130,310 shares during the period. Finally, Bessemer Group Inc. increased its position in Texas Instruments by 25.3% in the fourth quarter. Bessemer Group Inc. now owns 2,782,405 shares of the semiconductor company’s stock worth $262,938,000 after buying an additional 561,160 shares during the period. Institutional investors own 85.38% of the company’s stock.

TXN stock traded down $2.81 during trading hours on Wednesday, hitting $110.12. 2,508,538 shares of the stock traded hands, compared to its average volume of 5,428,749. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $119.32. The stock has a market capitalization of $105.95 billion, a P/E ratio of 20.32, a P/E/G ratio of 2.13 and a beta of 1.24. The company has a quick ratio of 2.70, a current ratio of 3.68 and a debt-to-equity ratio of 0.59.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.09. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter last year, the business posted $1.35 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 annualized dividend and a yield of 2.80%. Texas Instruments’s dividend payout ratio is currently 56.83%.

In related news, Director Carrie Smith Cox sold 17,002 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.08, for a total value of $1,973,592.16. Following the completion of the transaction, the director now owns 40,299 shares in the company, valued at approximately $4,677,907.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard K. Templeton sold 160,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.77, for a total value of $18,683,200.00. Following the completion of the transaction, the chief executive officer now owns 930,287 shares of the company’s stock, valued at approximately $108,629,612.99. The disclosure for this sale can be found here. Insiders have sold 879,332 shares of company stock valued at $103,024,864 in the last ninety days. Company insiders own 0.89% of the company’s stock.

Several research analysts have recently issued reports on TXN shares. Sanford C. Bernstein cut Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 price target for the company. in a research note on Monday, March 25th. Wells Fargo & Co decreased their price target on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. Nomura started coverage on Texas Instruments in a research note on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 price target for the company. ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, Morgan Stanley increased their price target on Texas Instruments from $100.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. Texas Instruments has an average rating of “Hold” and a consensus price target of $111.18.

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

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