Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Forsta AP Fonden

Forsta AP Fonden reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 8.7% in the 2nd quarter, Holdings Channel reports. The firm owned 207,800 shares of the semiconductor company’s stock after selling 19,900 shares during the quarter. Forsta AP Fonden’s holdings in Texas Instruments were worth $40,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after purchasing an additional 536,206 shares in the last quarter. Capital Research Global Investors grew its holdings in Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after buying an additional 1,279,828 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after acquiring an additional 1,095,303 shares during the last quarter. Norges Bank purchased a new position in shares of Texas Instruments during the 4th quarter worth $1,649,592,000. Finally, Van ECK Associates Corp raised its holdings in shares of Texas Instruments by 6.2% during the 2nd quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock worth $1,158,495,000 after acquiring an additional 348,528 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TXN has been the subject of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Jefferies Financial Group raised their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, August 21st. Finally, Robert W. Baird upped their price target on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Stock Up 1.3 %

Shares of NASDAQ:TXN opened at $202.41 on Thursday. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The firm’s 50 day moving average price is $200.73 and its 200 day moving average price is $188.35. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock has a market cap of $184.81 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 4.29 and a beta of 0.99.

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

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.57%. Texas Instruments’s dividend 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.