Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Boosted by AIA Group Ltd

AIA Group Ltd grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 359,683 shares of the semiconductor company’s stock after acquiring an additional 11,202 shares during the period. Texas Instruments comprises approximately 2.0% of AIA Group Ltd’s investment portfolio, making the stock its 8th biggest holding. AIA Group Ltd’s holdings in Texas Instruments were worth $62,660,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Chemistry Wealth Management LLC grew its stake in Texas Instruments by 5.2% in the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after purchasing an additional 62 shares during the last quarter. Field & Main Bank grew its position in shares of Texas Instruments by 10.4% in the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after buying an additional 65 shares during the last quarter. Guardian Wealth Management Inc. raised its stake in shares of Texas Instruments by 0.6% during the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock worth $1,873,000 after acquiring an additional 65 shares in the last quarter. Buckley Wealth Management LLC lifted its position in Texas Instruments by 1.1% during the first quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after acquiring an additional 65 shares during the last quarter. Finally, Howard Financial Services LTD. boosted its stake in Texas Instruments by 3.1% in the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after acquiring an additional 66 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Texas Instruments stock traded up $1.88 during trading on Friday, reaching $201.87. The company had a trading volume of 3,683,711 shares, compared to its average volume of 5,454,481. The firm has a market capitalization of $183.80 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 4.41 and a beta of 0.99. The firm’s 50-day simple moving average is $195.36 and its 200 day simple moving average is $177.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $206.00.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The company’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analysts Set New Price Targets

Several brokerages have recently commented on TXN. Cantor Fitzgerald increased their price objective on Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. Mizuho upped their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Susquehanna upped their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $200.00 to $175.00 in a research note on Monday, May 13th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $183.90.

Insider Activity

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now owns 20,461 shares in the company, valued at $3,580,061.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 in the last 90 days. Company insiders own 0.68% of the company’s stock.

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.