Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 45.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,218 shares of the semiconductor company’s stock after selling 24,872 shares during the period. Twin Capital Management Inc.’s holdings in Texas Instruments were worth $3,468,000 as of its most recent SEC filing.

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

In other Texas Instruments news, CFO Rafael R. Lizardi sold 76,523 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $128.02, for a total value of $9,796,474.46. Following the transaction, the chief financial officer now owns 94,648 shares in the company, valued at approximately $12,116,836.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP R Gregory Delagi sold 150,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $127.28, for a total value of $19,092,000.00. Following the completion of the transaction, the vice president now owns 243,755 shares in the company, valued at approximately $31,025,136.40. The disclosure for this sale can be found here. Insiders sold a total of 1,251,117 shares of company stock worth $159,473,823 in the last 90 days. 0.89% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on TXN shares. Morgan Stanley boosted their target price on shares of Texas Instruments from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Deutsche Bank reissued a “neutral” rating and set a $120.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $124.00 price objective on shares of Texas Instruments in a research note on Tuesday, April 30th. Charter Equity raised shares of Texas Instruments from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $135.00 price objective for the company in a research note on Saturday, July 27th. Two research 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 stock currently has an average rating of “Hold” and a consensus price target of $118.74.

Texas Instruments stock traded up $2.59 during mid-day trading on Friday, hitting $122.44. The company had a trading volume of 102,851 shares, compared to its average volume of 6,438,022. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $130.37. The company’s fifty day moving average is $119.98 and its 200-day moving average is $112.22. The company has a market capitalization of $115.15 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.33 and a beta of 1.25.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (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 quarter last year, the firm posted $1.37 EPS. The business’s revenue was down 8.7% on a year-over-year basis. As a group, sell-side analysts expect 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. The ex-dividend date was Tuesday, July 30th. This represents a $3.08 dividend on an annualized basis and a yield of 2.52%. Texas Instruments’s payout ratio is currently 56.83%.

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

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