Martin Capital Partners LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 13.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 27,972 shares of the semiconductor company’s stock after purchasing an additional 3,331 shares during the period. Texas Instruments makes up 2.3% of Martin Capital Partners LLC’s portfolio, making the stock its 22nd largest position. Martin Capital Partners LLC’s holdings in Texas Instruments were worth $2,967,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in Texas Instruments by 6,709.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock worth $256,000 after purchasing an additional 23,836,621 shares during the period. Norges Bank acquired a new position in Texas Instruments during the 4th quarter worth approximately $864,454,000. Two Sigma Advisers LP increased its position in Texas Instruments by 522.4% during the 4th quarter. Two Sigma Advisers LP now owns 2,145,644 shares of the semiconductor company’s stock worth $202,763,000 after purchasing an additional 1,800,900 shares during the period. London Co. of Virginia acquired a new position in Texas Instruments during the 4th quarter worth approximately $115,323,000. Finally, Alecta Pensionsforsakring Omsesidigt increased its position in Texas Instruments by 54.8% during the 4th quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,434,000 shares of the semiconductor company’s stock worth $322,144,000 after purchasing an additional 1,215,000 shares during the period. Hedge funds and other institutional investors own 86.72% of the company’s stock.
In related news, insider Rafael R. Lizardi sold 27,675 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $117.87, for a total value of $3,262,052.25. Following the sale, the insider now owns 98,809 shares of the company’s stock, valued at approximately $11,646,616.83. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Haviv Ilan sold 76,818 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $117.38, for a total value of $9,016,896.84. Following the completion of the sale, the vice president now directly owns 126,741 shares in the company, valued at approximately $14,876,858.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 879,332 shares of company stock worth $103,024,864. 0.89% of the stock is owned by corporate insiders.
Shares of NASDAQ:TXN opened at $107.00 on Wednesday. The company has a market cap of $100.19 billion, a PE ratio of 19.74, a PEG ratio of 2.04 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $119.32.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the previous year, the company earned $1.35 EPS. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Friday, May 3rd. Texas Instruments’s payout ratio is currently 56.83%.
Several equities analysts have issued reports on TXN shares. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. BMO Capital Markets reiterated a “buy” rating and set a $120.00 target price on shares of Texas Instruments in a research report on Thursday, January 24th. Jefferies Financial Group reiterated a “buy” rating and set a $137.00 target price (down previously from $139.00) on shares of Texas Instruments in a research report on Thursday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $120.00 target price on shares of Texas Instruments in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $130.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. Texas Instruments presently has an average rating of “Hold” and a consensus price target of $111.18.
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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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