ING Groep NV Sells 117,159 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• ING Groep NV has reduced its stake in Texas Instruments by 40.7%, selling 117,159 shares and now holding 170,926 shares worth approximately $30.7 million.
• Texas Instruments reported $1.41 earnings per share for the last quarter, exceeding analysts’ expectations and showing a 16.4% year-over-year increase in revenue.
• The company declared a quarterly dividend of $1.36 per share, representing an annualized dividend yield of 3.0% and a payout ratio of 99.63%.

ING Groep NV reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 40.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 170,926 shares of the semiconductor company's stock after selling 117,159 shares during the quarter. ING Groep NV's holdings in Texas Instruments were worth $30,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXN. Cloud Capital Management LLC acquired a new position in Texas Instruments in the 1st quarter worth $28,000. Copia Wealth Management acquired a new position in Texas Instruments in the 4th quarter worth $30,000. Quintet Private Bank Europe S.A. acquired a new position in Texas Instruments in the 1st quarter worth $34,000. Park Square Financial Group LLC acquired a new position in Texas Instruments in the 4th quarter worth $41,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Texas Instruments in the 1st quarter worth $42,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TXN shares. KeyCorp increased their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Seaport Res Ptn upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Cowen restated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. BNP Paribas upgraded shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, July 23rd. Finally, Rosenblatt Securities restated a "buy" rating and set a $245.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $212.21.

Texas Instruments Price Performance

Shares of TXN remained flat at $185.91 during mid-day trading on Thursday. 6,560,410 shares of the stock traded hands, compared to its average volume of 7,371,153. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The stock has a 50 day moving average of $200.77 and a 200-day moving average of $185.18. The stock has a market capitalization of $169.02 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 3.04 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping 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 company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the firm earned $1.17 earnings per share. The business's revenue for the quarter was up 16.4% on a year-over-year basis. Analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 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.