Sompo Asset Management Co. Ltd. Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Sompo Asset Management Co. Ltd. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,140 shares of the semiconductor company’s stock after selling 230 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Texas Instruments were worth $3,723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TXN. Nordea Investment Management AB lifted its holdings in shares of Texas Instruments by 16.9% in the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after buying an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of Texas Instruments by 5,858.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after purchasing an additional 636,013 shares during the period. Advisors Capital Management LLC boosted its stake in shares of Texas Instruments by 185.7% during the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after purchasing an additional 205,676 shares in the last quarter. Clear Rock Advisors LLC purchased a new position in Texas Instruments during the fourth quarter valued at approximately $1,984,000. Finally, KBC Group NV raised its stake in Texas Instruments by 65.0% in the fourth quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock worth $120,444,000 after buying an additional 278,396 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $203.30 on Friday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company’s fifty day moving average price is $200.78 and its 200 day moving average price is $189.84. The company has a market capitalization of $185.62 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99.

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

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s payout ratio is presently 81.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TXN shares. Barclays lifted their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a report on Wednesday, August 21st. Robert W. Baird lifted their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities lifted their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $204.67.

Insider Buying and Selling at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

About Texas Instruments

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.