Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 17.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,803,000 shares of the semiconductor company's stock after selling 592,600 shares during the quarter. Texas Instruments accounts for 2.8% of Alecta Tjanstepension Omsesidigt's portfolio, making the stock its 8th largest position. Alecta Tjanstepension Omsesidigt owned 0.31% of Texas Instruments worth $503,951,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Gerber Kawasaki Wealth & Investment Management grew its position in Texas Instruments by 1.8% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after acquiring an additional 56 shares during the last quarter. Voya Financial Advisors Inc. boosted its position in Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after buying an additional 58 shares during the last quarter. Dunhill Financial LLC boosted its position in Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after buying an additional 61 shares during the last quarter. Prestige Wealth Management Group LLC boosted its position in Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after buying an additional 62 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in Texas Instruments by 2.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock valued at $577,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Arete Research raised Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Argus raised Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research note on Friday, April 25th. KeyCorp increased their price target on Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, TD Securities reissued a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and an average target price of $204.87.

Texas Instruments Price Performance

NASDAQ:TXN traded down $0.25 during trading hours on Tuesday, reaching $214.32. 2,659,630 shares of the company were exchanged, compared to its average volume of 6,459,005. The company has a market capitalization of $194.70 billion, a P/E ratio of 40.63, a P/E/G ratio of 3.53 and a beta of 1.03. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The business has a 50 day moving average of $199.35 and a 200 day moving average of $185.23.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, July 31st. Texas Instruments's payout ratio is presently 103.23%.

About Texas Instruments

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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