Fifth Third Bancorp boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% during the 1st quarter, Holdings Channel reports. The firm owned 238,612 shares of the semiconductor company’s stock after purchasing an additional 8,414 shares during the period. Fifth Third Bancorp’s holdings in Texas Instruments were worth $25,310,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of TXN. Oregon Public Employees Retirement Fund lifted its stake in Texas Instruments by 6,709.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 23,836,621 shares during the last quarter. Norges Bank purchased a new position in Texas Instruments in the fourth quarter valued at approximately $864,454,000. Two Sigma Advisers LP lifted its stake in Texas Instruments by 522.4% in the fourth quarter. Two Sigma Advisers LP now owns 2,145,644 shares of the semiconductor company’s stock valued at $202,763,000 after purchasing an additional 1,800,900 shares during the last quarter. London Co. of Virginia purchased a new position in Texas Instruments in the fourth quarter valued at approximately $115,323,000. Finally, Bahl & Gaynor Inc. lifted its stake in Texas Instruments by 47.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock valued at $264,036,000 after purchasing an additional 904,477 shares during the last quarter. Institutional investors and hedge funds own 85.38% of the company’s stock.
Several research firms recently commented on TXN. Longbow Research downgraded Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price objective on the stock. in a research note on Wednesday, April 17th. Nomura initiated coverage on Texas Instruments in a research note on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 price objective on the stock. Robert W. Baird reissued a “hold” rating and set a $97.00 target price on shares of Texas Instruments in a report on Tuesday, February 26th. Rosenblatt Securities reissued a “buy” rating and set a $120.00 target price on shares of Texas Instruments in a report on Monday, April 22nd. Finally, BidaskClub cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $111.18.
In other news, insider Rafael R. Lizardi sold 27,675 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $117.87, for a total value of $3,262,052.25. Following the transaction, the insider now owns 98,809 shares of the company’s stock, valued at $11,646,616.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Carrie Smith Cox sold 17,002 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.08, for a total transaction of $1,973,592.16. Following the completion of the transaction, the director now directly owns 40,299 shares in the company, valued at approximately $4,677,907.92. 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. Insiders own 0.89% of the company’s stock.
Shares of TXN stock opened at $107.31 on Friday. The company has a current ratio of 3.68, a quick ratio of 2.70 and a debt-to-equity ratio of 0.59. Texas Instruments Incorporated has a 1 year low of $87.70 and a 1 year high of $119.32. The firm has a market cap of $100.68 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.14 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 issued a $0.77 dividend. The ex-dividend date was Friday, May 3rd. This represents a $3.08 annualized dividend and a dividend yield of 2.87%. Texas Instruments’s payout ratio is currently 56.83%.
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Texas Instruments Company Profile
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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