Lazard Asset Management LLC Has $80.85 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Lazard Asset Management LLC lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 30.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 464,079 shares of the semiconductor company’s stock after selling 206,721 shares during the period. Lazard Asset Management LLC owned about 0.05% of Texas Instruments worth $80,846,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC acquired a new position in Texas Instruments during the 4th quarter worth about $61,000. MJP Associates Inc. ADV lifted its position in Texas Instruments by 53.8% during the 4th quarter. MJP Associates Inc. ADV now owns 1,946 shares of the semiconductor company’s stock worth $332,000 after buying an additional 681 shares in the last quarter. WealthCare Investment Partners LLC bought a new stake in Texas Instruments during the 4th quarter worth about $210,000. DeDora Capital Inc. raised its holdings in Texas Instruments by 1.7% during the 4th quarter. DeDora Capital Inc. now owns 4,469 shares of the semiconductor company’s stock worth $762,000 after purchasing an additional 74 shares during the last quarter. Finally, Inscription Capital LLC raised its holdings in Texas Instruments by 24.5% during the 4th quarter. Inscription Capital LLC now owns 2,376 shares of the semiconductor company’s stock worth $405,000 after purchasing an additional 467 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 328,969 shares of company stock worth $58,427,984. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several recent research reports. Robert W. Baird boosted their price objective on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company began coverage on Texas Instruments in a report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price objective for the company. The Goldman Sachs Group upped their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday. Jefferies Financial Group upped their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $198.64.

Texas Instruments Stock Performance

TXN stock traded up $4.84 during trading hours on Friday, hitting $201.99. 5,384,831 shares of the stock were exchanged, compared to its average volume of 4,994,019. The company has a current ratio of 4.62, a quick ratio of 3.76 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $184.43 billion, a P/E ratio of 31.51, a P/E/G ratio of 4.37 and a beta of 0.99. The company has a 50-day simple moving average of $198.04 and a two-hundred day simple moving average of $179.86. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $210.84.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the business earned $1.87 earnings per share. Texas Instruments’s revenue was down 15.6% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s payout ratio is currently 81.12%.

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.