Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,210 shares of the semiconductor company’s stock after selling 1,570 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Texas Instruments were worth $11,718,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new position in Texas Instruments in the first quarter worth about $711,387,000. GAMMA Investing LLC lifted its holdings in Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock worth $614,938,000 after acquiring an additional 3,406,386 shares during the last quarter. Jennison Associates LLC lifted its holdings in Texas Instruments by 2,898.0% in the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock worth $397,940,000 after acquiring an additional 2,140,605 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Texas Instruments by 14.6% during the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after buying an additional 1,731,411 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd raised its holdings in shares of Texas Instruments by 1,000.6% during the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company’s stock valued at $231,406,000 after buying an additional 1,170,728 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ TXN opened at $187.22 on Friday. The stock has a market capitalization of $170.21 billion, a P/E ratio of 34.29, a P/E/G ratio of 3.06 and a beta of 1.03. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The business’s fifty day moving average is $200.91 and its two-hundred day moving average is $184.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, July 31st. Texas Instruments’s payout ratio is presently 99.63%.

Wall Street Analyst Weigh In

TXN has been the topic of a number of recent analyst reports. Wolfe Research raised Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price target on the stock in a report on Monday, July 28th. UBS Group set a $255.00 price target on Texas Instruments in a report on Tuesday, July 22nd. The Goldman Sachs Group initiated coverage on Texas Instruments in a report on Thursday, July 10th. They set a “buy” rating and a $255.00 price target on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, Argus raised Texas Instruments to a “strong-buy” rating in a report on Friday, April 25th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $212.21.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.