Trust Co. of Virginia VA lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 21.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,685 shares of the semiconductor company’s stock after selling 1,000 shares during the quarter. Trust Co. of Virginia VA’s holdings in Texas Instruments were worth $391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Oregon Public Employees Retirement Fund raised its position in Texas Instruments by 6,709.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock valued at $256,000 after buying an additional 23,836,621 shares during the last quarter. Norges Bank bought a new position in Texas Instruments in the fourth quarter valued at approximately $864,454,000. Two Sigma Advisers LP grew its stake in Texas Instruments by 522.4% in the fourth quarter. Two Sigma Advisers LP now owns 2,145,644 shares of the semiconductor company’s stock valued at $202,763,000 after purchasing an additional 1,800,900 shares in the last quarter. London Co. of Virginia bought a new position in Texas Instruments in the fourth quarter valued at approximately $115,323,000. Finally, Alecta Pensionsforsakring Omsesidigt grew its stake in Texas Instruments by 54.8% in the fourth quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,434,000 shares of the semiconductor company’s stock valued at $322,144,000 after purchasing an additional 1,215,000 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on TXN shares. Sanford C. Bernstein downgraded Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 price target for the company. in a research note on Monday, March 25th. Wells Fargo & Co decreased their price target on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Nomura started coverage on Texas Instruments in a research note on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 price target for the company. Finally, Morgan Stanley raised their price target on Texas Instruments from $100.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. Texas Instruments has an average rating of “Hold” and a consensus price target of $111.18.

In related news, Chairman Richard K. Templeton sold 475,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total value of $55,755,500.00. Following the completion of the sale, the chairman now directly owns 930,287 shares in the company, valued at approximately $109,197,088.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carrie Smith Cox sold 17,002 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.08, for a total value of $1,973,592.16. Following the completion of the sale, the director now owns 40,299 shares of the company’s stock, valued at $4,677,907.92. The disclosure for this sale can be found here. Insiders have sold a total of 879,332 shares of company stock valued at $103,024,864 over the last quarter. 0.89% of the stock is currently owned by corporate insiders.

Shares of NASDAQ TXN traded up $0.05 during midday trading on Friday, hitting $105.88. 106,181 shares of the company’s stock were exchanged, compared to its average volume of 5,539,028. The company has a current ratio of 3.68, a quick ratio of 2.70 and a debt-to-equity ratio of 0.59. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $119.32. The company has a market capitalization of $100.39 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.05 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.09. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the company posted $1.35 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 annualized dividend and a dividend yield of 2.91%. Texas Instruments’s dividend payout ratio is currently 56.83%.

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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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