Employers Holdings Inc. Acquires New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Employers Holdings Inc. acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,993 shares of the semiconductor company’s stock, valued at approximately $2,180,000. Texas Instruments accounts for 1.2% of Employers Holdings Inc.’s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. Comerica Securities Inc. increased its position in Texas Instruments by 5.3% in the fourth quarter. Comerica Securities Inc. now owns 18,627 shares of the semiconductor company’s stock worth $1,760,000 after purchasing an additional 944 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Texas Instruments by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,063,272 shares of the semiconductor company’s stock worth $289,481,000 after purchasing an additional 34,606 shares in the last quarter. First Command Bank raised its stake in shares of Texas Instruments by 27.8% during the 1st quarter. First Command Bank now owns 4,677 shares of the semiconductor company’s stock worth $496,000 after purchasing an additional 1,017 shares in the last quarter. Culbertson A N & Co. Inc. raised its stake in shares of Texas Instruments by 2.2% during the 1st quarter. Culbertson A N & Co. Inc. now owns 27,184 shares of the semiconductor company’s stock worth $2,883,000 after purchasing an additional 595 shares in the last quarter. Finally, Accredited Investors Inc. bought a new stake in shares of Texas Instruments during the 1st quarter worth approximately $203,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.

A number of brokerages have recently issued reports on TXN. Deutsche Bank reiterated a “neutral” rating and set a $120.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Robert W. Baird upped their price objective on Texas Instruments from $97.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Charter Equity upgraded Texas Instruments from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley upped their price objective on Texas Instruments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group boosted their target price on Texas Instruments from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $118.74.

NASDAQ TXN traded up $2.09 on Friday, reaching $121.94. The stock had a trading volume of 21,925 shares, compared to its average volume of 6,438,022. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. The firm has a fifty day moving average of $119.98 and a two-hundred day moving average of $112.22. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $130.37. The company has a market cap of $115.15 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the firm posted $1.37 EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. Research analysts predict that Texas Instruments Incorporated will post 5.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s dividend payout ratio is 56.83%.

In other news, insider R Gregory Delagi sold 450,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $128.31, for a total transaction of $57,739,500.00. Following the completion of the sale, the insider now directly owns 243,755 shares in the company, valued at approximately $31,276,204.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Rafael R. Lizardi sold 76,523 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $128.02, for a total value of $9,796,474.46. Following the sale, the chief financial officer now owns 94,648 shares of the company’s stock, valued at $12,116,836.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,251,117 shares of company stock worth $159,473,823. Insiders own 0.89% of the company’s stock.

Texas Instruments 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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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