Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 56,234 shares of the semiconductor company’s stock after selling 5,594 shares during the quarter. OLD National Bancorp IN’s holdings in Texas Instruments were worth $10,939,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after acquiring an additional 536,206 shares during the period. Capital Research Global Investors lifted its stake in shares of Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after buying an additional 1,154,513 shares during the period. Franklin Resources Inc. grew its stake in shares of Texas Instruments by 10.1% in the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after buying an additional 1,095,303 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $1,649,592,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXN has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Robert W. Baird lifted their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Truist Financial upped their price objective on shares of Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, TD Cowen boosted their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $198.64.

Texas Instruments Stock Performance

TXN stock traded down $1.09 during midday trading on Friday, hitting $192.21. The stock had a trading volume of 3,066,475 shares, compared to its average volume of 5,555,690. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $210.84. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a 50-day simple moving average of $196.91 and a 200 day simple moving average of $181.53. The firm has a market capitalization of $175.50 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 4.07 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 EPS. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.71%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.