Stewart & Patten Co. LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,338 shares of the semiconductor company’s stock after selling 1,357 shares during the period. Texas Instruments accounts for about 2.5% of Stewart & Patten Co. LLC’s investment portfolio, making the stock its 20th biggest position. Stewart & Patten Co. LLC’s holdings in Texas Instruments were worth $14,797,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of TXN. Penserra Capital Management LLC raised its position in Texas Instruments by 209.6% during the third quarter. Penserra Capital Management LLC now owns 2,526 shares of the semiconductor company’s stock valued at $325,000 after purchasing an additional 1,710 shares during the period. Cypress Capital LLC grew its position in Texas Instruments by 5.5% during the 3rd quarter. Cypress Capital LLC now owns 6,947 shares of the semiconductor company’s stock worth $898,000 after purchasing an additional 360 shares during the period. Alberta Investment Management Corp grew its position in Texas Instruments by 17.8% during the 2nd quarter. Alberta Investment Management Corp now owns 66,200 shares of the semiconductor company’s stock worth $7,597,000 after purchasing an additional 10,000 shares during the period. Integrated Wealth Concepts LLC grew its position in Texas Instruments by 5.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,728 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 153 shares during the period. Finally, First Merchants Corp grew its position in Texas Instruments by 67.5% during the 3rd quarter. First Merchants Corp now owns 9,712 shares of the semiconductor company’s stock worth $1,255,000 after purchasing an additional 3,915 shares during the period. Institutional investors own 85.04% of the company’s stock.
TXN has been the topic of several research analyst reports. Royal Bank of Canada lowered their price objective on Texas Instruments to $124.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. They noted that the move was a valuation call. UBS Group lifted their price objective on Texas Instruments from $100.00 to $110.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. SunTrust Banks lowered their price objective on Texas Instruments from $133.00 to $122.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank lowered their price objective on Texas Instruments from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on Texas Instruments from $109.00 to $119.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $121.38.
Shares of TXN stock traded up $1.25 during trading on Friday, hitting $131.41. 1,865,291 shares of the stock traded hands, compared to its average volume of 4,362,169. Texas Instruments Incorporated has a 52-week low of $94.81 and a 52-week high of $132.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.34 and a quick ratio of 3.32. The firm’s fifty day moving average price is $126.41 and its 200-day moving average price is $123.73. The firm has a market capitalization of $122.15 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.07. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the firm earned $1.56 EPS. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. As a group, equities research analysts expect that Texas Instruments Incorporated will post 4.94 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.74%. Texas Instruments’s dividend payout ratio (DPR) is presently 66.42%.
In other Texas Instruments news, VP Hagop H. Kozanian sold 5,383 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $119.51, for a total value of $643,322.33. Following the completion of the transaction, the vice president now owns 41,839 shares in the company, valued at $5,000,178.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ahmad Bahai sold 1,550 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.99, for a total transaction of $182,884.50. Following the completion of the transaction, the vice president now owns 25,354 shares of the company’s stock, valued at approximately $2,991,518.46. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.
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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