Achmea Investment Management B.V. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,029 shares of the semiconductor company’s stock after selling 45,247 shares during the period. Texas Instruments accounts for approximately 0.8% of Achmea Investment Management B.V.’s portfolio, making the stock its 21st largest holding. Achmea Investment Management B.V.’s holdings in Texas Instruments were worth $22,423,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of TXN. Dupont Capital Management Corp raised its position in Texas Instruments by 6.7% during the third quarter. Dupont Capital Management Corp now owns 168,465 shares of the semiconductor company’s stock valued at $18,075,000 after purchasing an additional 10,559 shares in the last quarter. Global Financial Private Capital LLC purchased a new stake in Texas Instruments during the third quarter valued at about $1,546,000. Brookstone Capital Management raised its position in Texas Instruments by 24.8% during the third quarter. Brookstone Capital Management now owns 4,590 shares of the semiconductor company’s stock valued at $492,000 after purchasing an additional 913 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Texas Instruments by 13.3% during the third quarter. Janney Montgomery Scott LLC now owns 134,879 shares of the semiconductor company’s stock valued at $14,471,000 after purchasing an additional 15,796 shares in the last quarter. Finally, Holistic Financial Partners purchased a new stake in Texas Instruments during the third quarter valued at about $292,000. Hedge funds and other institutional investors own 84.41% of the company’s stock.
Shares of NASDAQ TXN opened at $96.10 on Friday. Texas Instruments Incorporated has a twelve month low of $87.90 and a twelve month high of $120.75. The company has a market capitalization of $93.31 billion, a P/E ratio of 22.45, a PEG ratio of 1.89 and a beta of 1.28. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.
Texas Instruments announced that its board has approved a share repurchase program on Thursday, September 20th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 11.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Wednesday, October 31st will be issued a $0.77 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Tuesday, October 30th. Texas Instruments’s payout ratio is presently 71.96%.
In related news, Director Martin S. Craighead bought 10,900 shares of the business’s stock in a transaction on Thursday, October 25th. The stock was acquired at an average price of $91.70 per share, with a total value of $999,530.00. Following the transaction, the director now owns 13,100 shares in the company, valued at approximately $1,201,270. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kyle M. Flessner sold 16,088 shares of Texas Instruments stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the completion of the sale, the insider now directly owns 43,270 shares of the company’s stock, valued at approximately $4,067,380. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.
A number of brokerages have recently issued reports on TXN. KeyCorp began coverage on Texas Instruments in a research note on Tuesday, September 25th. They set a “sector weight” rating on the stock. BidaskClub raised Texas Instruments from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 22nd. Zacks Investment Research cut Texas Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Goldman Sachs Group raised Texas Instruments from a “sell” rating to a “neutral” rating in a research note on Thursday, October 18th. Finally, B. Riley cut their target price on Texas Instruments from $123.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $117.11.
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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