World Asset Management Inc Sells 1,167 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

World Asset Management Inc lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.8% during the second quarter, Holdings Channel.com reports. The fund owned 23,135 shares of the semiconductor company’s stock after selling 1,167 shares during the period. World Asset Management Inc’s holdings in Texas Instruments were worth $4,449,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Simon Quick Advisors LLC bought a new stake in Texas Instruments during the first quarter worth $37,000. MV Capital Management Inc. increased its holdings in Texas Instruments by 104.4% in the second quarter. MV Capital Management Inc. now owns 233 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 119 shares during the period. Key Financial Inc increased its holdings in Texas Instruments by 240.0% in the second quarter. Key Financial Inc now owns 238 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 168 shares during the period. Cranbrook Wealth Management LLC acquired a new stake in Texas Instruments during the 1st quarter worth about $51,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in Texas Instruments during the 1st quarter worth about $55,000. 82.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Texas Instruments stock traded up $0.78 during trading hours on Wednesday, reaching $195.89. 71,858 shares of the company’s stock were exchanged, compared to its average volume of 4,248,239. Texas Instruments Incorporated has a 1 year low of $134.12 and a 1 year high of $197.58. The company has a market capitalization of $180.85 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. The business has a fifty day moving average of $189.20 and a two-hundred day moving average of $186.41. The company has a quick ratio of 4.23, a current ratio of 5.08 and a debt-to-equity ratio of 0.52.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 20th. The semiconductor company reported $2.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.23. Texas Instruments had a net margin of 40.12% and a return on equity of 69.28%. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. Texas Instruments’s revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, research analysts predict that Texas Instruments Incorporated will post 7.88 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 9th. Investors of record on Monday, July 26th were paid a dividend of $1.02 per share. The ex-dividend date was Friday, July 23rd. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.08%. Texas Instruments’s payout ratio is 68.34%.

A number of research firms have recently issued reports on TXN. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 22nd. Morgan Stanley raised their price target on shares of Texas Instruments from $176.00 to $185.00 and gave the company an “underweight” rating in a research report on Monday, July 19th. Citigroup raised their price target on shares of Texas Instruments from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, July 15th. Summit Insights cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, July 22nd. Finally, Bank of America raised their price target on shares of Texas Instruments from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 22nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $203.88.

In related news, CAO Julie C. Knecht sold 7,399 shares of the stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.17, for a total transaction of $1,421,865.83. Following the completion of the sale, the chief accounting officer now directly owns 16,472 shares of the company’s stock, valued at $3,165,424.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jean M. Hobby sold 900 shares of the stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.04, for a total value of $172,836.00. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

About Texas Instruments

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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

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