Wright Investors Service Inc. Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Wright Investors Service Inc. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,693 shares of the semiconductor company’s stock after purchasing an additional 206 shares during the quarter. Wright Investors Service Inc.’s holdings in Texas Instruments were worth $2,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in Texas Instruments by 0.8% in the second quarter. Janus Henderson Group PLC now owns 15,856,423 shares of the semiconductor company’s stock valued at $1,819,554,000 after buying an additional 132,226 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt increased its holdings in shares of Texas Instruments by 9.2% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,104,000 shares of the semiconductor company’s stock valued at $470,154,000 after purchasing an additional 345,000 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of Texas Instruments by 2.2% in the first quarter. Parametric Portfolio Associates LLC now owns 3,321,755 shares of the semiconductor company’s stock valued at $352,339,000 after purchasing an additional 72,745 shares during the period. Bank of Montreal Can increased its holdings in shares of Texas Instruments by 17.8% in the first quarter. Bank of Montreal Can now owns 3,212,978 shares of the semiconductor company’s stock valued at $340,801,000 after purchasing an additional 486,584 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Texas Instruments by 1.4% in the first quarter. Swiss National Bank now owns 3,206,294 shares of the semiconductor company’s stock valued at $340,092,000 after purchasing an additional 45,800 shares during the period. Hedge funds and other institutional investors own 85.91% of the company’s stock.

TXN has been the topic of a number of research reports. Deutsche Bank reissued a “neutral” rating and issued a $120.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. Jefferies Financial Group increased their price objective on Texas Instruments from $137.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. BMO Capital Markets increased their price objective on Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Credit Suisse Group increased their price objective on Texas Instruments from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and a consensus target price of $118.74.



Texas Instruments stock traded down $0.48 during midday trading on Thursday, hitting $120.12. 1,527,421 shares of the company were exchanged, compared to its average volume of 6,345,917. The company has a market cap of $112.11 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.27 and a beta of 1.25. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $130.37. The stock’s fifty day simple moving average is $119.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.21 by $0.08. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. Texas Instruments’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.77 per share. The ex-dividend date was Tuesday, July 30th. This represents a $3.08 dividend on an annualized basis and a yield of 2.56%. Texas Instruments’s dividend payout ratio is currently 56.83%.

In other Texas Instruments news, SVP Bing Xie sold 52,299 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $127.75, for a total transaction of $6,681,197.25. Following the transaction, the senior vice president now owns 106,264 shares in the company, valued at $13,575,226. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the transaction, the insider now owns 102,652 shares in the company, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. Insiders have sold 1,251,117 shares of company stock worth $159,473,823 in the last quarter. 0.89% of the stock is currently owned by company insiders.

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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