Bienville Capital Management LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,962 shares of the semiconductor company’s stock after selling 196 shares during the period. Bienville Capital Management LLC’s holdings in Texas Instruments were worth $208,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of TXN. Oregon Public Employees Retirement Fund grew its holdings in shares of Texas Instruments by 6,709.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock worth $256,000 after buying an additional 23,836,621 shares during the last quarter. Norges Bank purchased a new position in shares of Texas Instruments during the fourth quarter worth about $864,454,000. Two Sigma Advisers LP grew its holdings in shares of Texas Instruments by 522.4% during the fourth quarter. Two Sigma Advisers LP now owns 2,145,644 shares of the semiconductor company’s stock worth $202,763,000 after buying an additional 1,800,900 shares during the last quarter. London Co. of Virginia purchased a new position in shares of Texas Instruments during the fourth quarter worth about $115,323,000. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Texas Instruments by 47.9% during 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 last quarter. Institutional investors and hedge funds own 85.38% of the company’s stock.
Shares of NASDAQ:TXN opened at $112.93 on Wednesday. The company has a market cap of $105.95 billion, a PE ratio of 20.84, a PEG ratio of 2.13 and a beta of 1.24. 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. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 EPS. Analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.
In other news, insider Bing Xie sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $116.75, for a total transaction of $2,335,000.00. Following the sale, the insider now owns 53,934 shares of the company’s stock, valued at approximately $6,296,794.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 475,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total value of $55,755,500.00. Following the transaction, the chairman now owns 930,287 shares of the company’s stock, valued at $109,197,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 879,332 shares of company stock worth $103,024,864 in the last three months. Corporate insiders own 0.89% of the company’s stock.
A number of research firms recently issued reports on TXN. JPMorgan Chase & Co. reissued a “buy” rating and set a $130.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Deutsche Bank raised their price target on Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. UBS Group reissued a “sell” rating and set a $90.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. ValuEngine lowered Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, BidaskClub lowered Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Two equities 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. The stock has a consensus rating of “Hold” and an average 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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