Alberta Investment Management Corp Sells 2,070 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Alberta Investment Management Corp reduced its stake in Texas Instruments by 2.3%, selling 2,070 shares and holding 88,390 shares valued at approximately $15.88 million.
• Analyst ratings for Texas Instruments show a consensus of "Hold", with a target price averaging around $212.21, including mixed ratings from multiple firms.
• Texas Instruments reported earnings of $1.41 per share recently, surpassing analysts' expectations and reflecting a 16.4% year-over-year revenue increase.

Alberta Investment Management Corp trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,390 shares of the semiconductor company's stock after selling 2,070 shares during the period. Alberta Investment Management Corp's holdings in Texas Instruments were worth $15,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Gerber Kawasaki Wealth & Investment Management grew its position in Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 56 shares during the last quarter. Voya Financial Advisors Inc. lifted its holdings in shares of Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after acquiring an additional 58 shares during the period. FSB Premier Wealth Management Inc. lifted its holdings in shares of Texas Instruments by 1.7% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock worth $628,000 after acquiring an additional 60 shares during the period. Dunhill Financial LLC lifted its holdings in shares of Texas Instruments by 3.7% during the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after acquiring an additional 61 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Texas Instruments by 2.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock worth $577,000 after acquiring an additional 63 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXN has been the subject of a number of analyst reports. DZ Bank reaffirmed a "sell" rating and set a $158.00 price objective on shares of Texas Instruments in a report on Wednesday, July 23rd. TD Cowen reduced their price objective on shares of Texas Instruments from $245.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Cowen reissued a "hold" rating on shares of Texas Instruments in a report on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price target on shares of Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Arete began coverage on shares of Texas Instruments in a report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price target for the company. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $212.21.

Texas Instruments Trading Down 4.5%

TXN stock opened at $181.06 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The company's 50-day simple moving average is $200.47 and its 200 day simple moving average is $185.42. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company has a market capitalization of $164.61 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 3.11 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the prior year, the company posted $1.17 earnings per share. Texas Instruments's revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio is presently 99.63%.

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.

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