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Public Sector Pension Investment Board Has $30.73 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

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Key Points

  • The Public Sector Pension Investment Board has reduced its holdings in Texas Instruments (NASDAQ:TXN) by 32.1%, now owning 170,995 shares valued at approximately $30.73 million.
  • Texas Instruments reported a Q2 earnings per share (EPS) of $1.41, exceeding estimates and reflecting a 16.4% increase in year-over-year revenue.
  • The company declared a quarterly dividend of $1.36, with an expected annualized yield of 2.9%, and a payout ratio of 99.63%.
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Public Sector Pension Investment Board trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 32.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,995 shares of the semiconductor company's stock after selling 80,813 shares during the period. Public Sector Pension Investment Board's holdings in Texas Instruments were worth $30,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new position in Texas Instruments in the first quarter valued at about $28,000. Copia Wealth Management purchased a new position in Texas Instruments in the fourth quarter valued at about $30,000. Quintet Private Bank Europe S.A. purchased a new position in Texas Instruments in the first quarter valued at about $34,000. Park Square Financial Group LLC purchased a new position in Texas Instruments in the fourth quarter valued at about $41,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Texas Instruments in the first quarter valued at about $42,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Texas Instruments stock traded up $9.26 during trading hours on Tuesday, hitting $192.97. The stock had a trading volume of 9,960,812 shares, compared to its average volume of 8,156,814. The company has a 50-day moving average of $201.00 and a two-hundred day moving average of $184.93. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The company has a market cap of $175.44 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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. The firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.8%. Texas Instruments's dividend payout ratio is presently 99.63%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TXN shares. Arete started coverage on Texas Instruments in a research note on Thursday, June 26th. They set a "neutral" rating and a $203.80 price target for the company. Rosenblatt Securities reiterated a "buy" rating and set a $245.00 price target on shares of Texas Instruments in a research note on Wednesday, July 23rd. Seaport Res Ptn upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. BNP Paribas upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, July 23rd. Finally, TD Securities reiterated a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $212.21.

Check Out Our Latest Analysis on Texas Instruments

About Texas Instruments

(Free Report)

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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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