Los Angeles Capital Management & Equity Research Inc. Has $112.32 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 36.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 978,720 shares of the semiconductor company’s stock after purchasing an additional 261,120 shares during the quarter. Texas Instruments makes up about 0.6% of Los Angeles Capital Management & Equity Research Inc.’s investment portfolio, making the stock its 28th biggest holding. Los Angeles Capital Management & Equity Research Inc. owned 0.10% of Texas Instruments worth $112,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. First Personal Financial Services lifted its stake in Texas Instruments by 3.6% in the second quarter. First Personal Financial Services now owns 9,193 shares of the semiconductor company’s stock valued at $1,055,000 after acquiring an additional 323 shares during the last quarter. Segment Wealth Management LLC lifted its stake in shares of Texas Instruments by 2.0% during the 2nd quarter. Segment Wealth Management LLC now owns 49,336 shares of the semiconductor company’s stock worth $5,662,000 after buying an additional 988 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth about $455,000. ARP Americas LP lifted its stake in shares of Texas Instruments by 233.4% during the 2nd quarter. ARP Americas LP now owns 21,998 shares of the semiconductor company’s stock worth $2,524,000 after buying an additional 15,400 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Texas Instruments by 359.3% during the 2nd quarter. SG Americas Securities LLC now owns 446,418 shares of the semiconductor company’s stock worth $51,231,000 after buying an additional 349,214 shares during the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

Shares of TXN traded down $2.79 during mid-day trading on Friday, reaching $121.52. The company had a trading volume of 3,462,630 shares, compared to its average volume of 5,817,462. The business’s 50 day moving average price is $118.85. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $130.37. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. The company has a market cap of $111.10 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.25 and a beta of 1.25.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period last year, the company posted $1.37 EPS. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st will be paid a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.53%. Texas Instruments’s payout ratio is currently 56.83%.

In related news, insider R Gregory Delagi sold 450,000 shares of Texas Instruments stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $128.31, for a total transaction of $57,739,500.00. Following the sale, the insider now directly owns 243,755 shares in the company, valued at approximately $31,276,204.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rafael R. Lizardi sold 76,523 shares of Texas Instruments stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the sale, the chief financial officer now owns 94,648 shares in the company, valued at $12,116,836.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,251,117 shares of company stock worth $159,473,823. 0.89% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on TXN shares. Wells Fargo & Co cut their target price on shares of Texas Instruments from $63.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. Jefferies Financial Group raised their target price on shares of Texas Instruments from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Credit Suisse Group raised their target price on shares of Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Nomura started coverage on shares of Texas Instruments in a research note on Tuesday, May 7th. They set a “neutral” rating and a $106.00 target price for the company. Finally, SunTrust Banks raised their price target on shares of Texas Instruments to $133.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $118.74.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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

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