Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Lowered by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,000 shares of the semiconductor company’s stock after selling 1,839 shares during the quarter. Texas Instruments makes up 1.2% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 14th largest holding. University of Texas Texas AM Investment Management Co.’s holdings in Texas Instruments were worth $6,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of Texas Instruments by 54.3% in the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after buying an additional 1,972,304 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Texas Instruments by 65.8% in the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock valued at $518,629,000 after purchasing an additional 1,181,841 shares during the last quarter. Capital International Investors boosted its holdings in Texas Instruments by 23.7% in the fourth quarter. Capital International Investors now owns 3,697,517 shares of the semiconductor company’s stock worth $630,335,000 after purchasing an additional 709,115 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in Texas Instruments by 5,858.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after buying an additional 636,013 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of TXN opened at $201.60 on Wednesday. The stock has a market cap of $183.55 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 4.55 and a beta of 0.99. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The stock’s 50-day moving average price is $201.15 and its two-hundred day moving average price is $191.71. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $3.82 billion. During the same period in the prior year, the company earned $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.70%. Texas Instruments’s payout ratio is presently 84.87%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TXN shares. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Jefferies Financial Group raised their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Barclays raised their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group increased their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley upped their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $204.67.

Insider Transactions at Texas Instruments

In other news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Company Profile

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.