Gamco Investors INC. ET AL decreased its position in Texas Instruments (NASDAQ:TXN) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,675 shares of the semiconductor company’s stock after selling 15,845 shares during the period. Gamco Investors INC. ET AL’s holdings in Texas Instruments were worth $21,991,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Texas Instruments by 2.5% in the 4th quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock worth $7,187,053,000 after buying an additional 1,682,070 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $241,000. Segall Bryant & Hamill LLC raised its holdings in shares of Texas Instruments by 3.2% in the 4th quarter. Segall Bryant & Hamill LLC now owns 25,811 shares of the semiconductor company’s stock worth $2,696,000 after buying an additional 812 shares in the last quarter. Banco de Sabadell S.A acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $2,492,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Texas Instruments by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 221,817 shares of the semiconductor company’s stock worth $23,167,000 after buying an additional 7,332 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Kevin J. Ritchie sold 52,698 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.17, for a total value of $5,805,738.66. Following the transaction, the insider now directly owns 172,545 shares in the company, valued at approximately $19,009,282.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Niels Anderskouv sold 20,191 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.13, for a total value of $2,223,634.83. Following the completion of the transaction, the vice president now owns 110,187 shares in the company, valued at $12,134,894.31. The disclosure for this sale can be found here. Insiders sold a total of 175,484 shares of company stock worth $19,325,083 over the last quarter. Corporate insiders own 0.84% of the company’s stock.
TXN stock opened at $110.75 on Friday. Texas Instruments has a fifty-two week low of $75.92 and a fifty-two week high of $120.75. The firm has a market cap of $108.73 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The company has a quick ratio of 3.53, a current ratio of 4.62 and a debt-to-equity ratio of 0.34.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 24th. The semiconductor company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.10. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.65 billion. Texas Instruments had a return on equity of 43.73% and a net margin of 26.39%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. equities research analysts expect that Texas Instruments will post 5.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 21st. Shareholders of record on Monday, May 7th were given a $0.62 dividend. The ex-dividend date was Friday, May 4th. This represents a $2.48 dividend on an annualized basis and a yield of 2.24%. Texas Instruments’s payout ratio is 57.94%.
A number of equities analysts have recently issued reports on the company. ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. B. Riley increased their target price on Texas Instruments from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, April 25th. Royal Bank of Canada reissued a “buy” rating and issued a $125.00 target price on shares of Texas Instruments in a report on Wednesday, April 25th. Finally, DZ Bank raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average 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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