Lockheed Martin Investment Management Co. Sells 1,570 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Lockheed Martin Investment Management Co. has reduced its stake in Texas Instruments by 2.4%, bringing its total holdings to 65,210 shares valued at approximately $11.7 million.
• Institutional investors and hedge funds collectively own 84.99% of Texas Instruments' shares, indicating strong institutional interest in the company.
• Texas Instruments recently announced a quarterly dividend of $1.36, yielding 2.9%, with a payout ratio of 99.63% as of the latest reporting period.

Lockheed Martin Investment Management Co. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,210 shares of the semiconductor company's stock after selling 1,570 shares during the period. Lockheed Martin Investment Management Co.'s holdings in Texas Instruments were worth $11,718,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new position in Texas Instruments during the 1st quarter valued at $711,387,000. Aigen Investment Management LP lifted its stake in Texas Instruments by 1.4% during the 1st quarter. Aigen Investment Management LP now owns 6,855 shares of the semiconductor company's stock valued at $1,232,000 after acquiring an additional 97 shares in the last quarter. Cooper Financial Group lifted its stake in Texas Instruments by 35.4% during the 1st quarter. Cooper Financial Group now owns 2,026 shares of the semiconductor company's stock valued at $364,000 after acquiring an additional 530 shares in the last quarter. Strengthening Families & Communities LLC lifted its stake in Texas Instruments by 76.2% during the 1st quarter. Strengthening Families & Communities LLC now owns 363 shares of the semiconductor company's stock valued at $71,000 after acquiring an additional 157 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in Texas Instruments by 3.2% during the 1st quarter. King Luther Capital Management Corp now owns 61,602 shares of the semiconductor company's stock valued at $11,070,000 after acquiring an additional 1,897 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

TXN stock traded down $3.51 during mid-day trading on Monday, reaching $183.71. 6,441,025 shares of the company traded hands, compared to its average volume of 8,070,119. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The company has a market capitalization of $167.02 billion, a P/E ratio of 33.65, a P/E/G ratio of 3.06 and a beta of 1.03. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The company has a fifty day moving average price of $200.90 and a 200-day moving average price of $184.87.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued 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 of this dividend is Thursday, July 31st. Texas Instruments's payout ratio is presently 99.63%.

Wall Street Analysts Forecast Growth

TXN has been the topic of several recent analyst reports. UBS Group set a $255.00 price objective on Texas Instruments in a research note on Tuesday, July 22nd. Benchmark raised their price objective on Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Wolfe Research raised Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 target price for the company in a research report on Monday, July 28th. Finally, Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and an average price target of $212.21.

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.