Texas Instruments Incorporated (TXN) Shares Sold by Johnson Financial Group Inc.
Johnson Financial Group Inc. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 32.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,019 shares of the semiconductor company’s stock after selling 1,942 shares during the period. Johnson Financial Group Inc.’s holdings in Texas Instruments were worth $443,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Franklin Resources Inc. boosted its position in shares of Texas Instruments by 26.5% in the first quarter. Franklin Resources Inc. now owns 11,709,967 shares of the semiconductor company’s stock worth $1,216,549,000 after acquiring an additional 2,450,531 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in shares of Texas Instruments by 1,383.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 2,436,583 shares of the semiconductor company’s stock worth $253,136,000 after acquiring an additional 2,272,286 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in Texas Instruments in the first quarter valued at approximately $111,130,000. Santa Barbara Asset Management LLC purchased a new position in Texas Instruments in the first quarter valued at approximately $98,999,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in Texas Instruments by 17.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 6,004,034 shares of the semiconductor company’s stock valued at $623,760,000 after buying an additional 872,103 shares during the period. 84.73% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Stephen A. Anderson sold 25,318 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the completion of the sale, the insider now owns 131,153 shares of the company’s stock, valued at $14,630,117.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is currently owned by company insiders.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.03. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.96 billion. Texas Instruments had a net margin of 28.08% and a return on equity of 46.80%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. equities research analysts predict that Texas Instruments Incorporated will post 5.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Tuesday, July 31st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, July 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. Texas Instruments’s dividend payout ratio is currently 57.94%.
Several research analysts recently commented on TXN shares. DZ Bank upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Bank of America raised their price target on shares of Texas Instruments from $138.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Longbow Research upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating in a report on Wednesday, July 11th. BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Royal Bank of Canada raised their price target on shares of Texas Instruments from $125.00 to $127.00 and gave the company a “$115.68” rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the stock. Texas Instruments presently has a consensus rating of “Hold” and an average target price of $121.64.
About Texas Instruments
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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