Candriam Luxembourg S.C.A. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 28.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 179,861 shares of the semiconductor company’s stock after selling 70,523 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Texas Instruments were worth $25,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Nuveen Asset Management LLC increased its holdings in Texas Instruments by 16,895.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,969,808 shares of the semiconductor company’s stock worth $914,615,000 after purchasing an additional 7,922,914 shares during the last quarter. Invesco Ltd. increased its holdings in Texas Instruments by 29.5% during the 2nd quarter. Invesco Ltd. now owns 13,864,091 shares of the semiconductor company’s stock worth $1,591,044,000 after purchasing an additional 3,158,845 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in Texas Instruments during the 2nd quarter worth approximately $184,058,000. Railway Pension Investments Ltd acquired a new position in shares of Texas Instruments in the 2nd quarter worth approximately $12,823,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Texas Instruments by 84.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,456,439 shares of the semiconductor company’s stock worth $188,230,000 after acquiring an additional 666,577 shares in the last quarter. Institutional investors and hedge funds own 85.38% of the company’s stock.
In other news, insider R Gregory Delagi sold 450,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $128.31, for a total value of $57,739,500.00. Following the sale, the insider now owns 243,755 shares of the company’s stock, valued at approximately $31,276,204.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rafael R. Lizardi sold 76,523 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $128.02, for a total value of $9,796,474.46. Following the completion of the sale, the chief financial officer now directly owns 94,648 shares in the company, valued at approximately $12,116,836.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,251,117 shares of company stock worth $159,473,823 in the last ninety days. 0.89% of the stock is owned by company insiders.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.08. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.90 per share. The ex-dividend date is Wednesday, October 30th. This represents a $3.60 annualized dividend and a yield of 2.77%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s payout ratio is presently 56.83%.
Several research analysts have recently commented on the company. BidaskClub upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Charter Equity upgraded Texas Instruments from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 24th. Stifel Nicolaus decreased their target price on Texas Instruments from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. BMO Capital Markets lifted their target price on Texas Instruments from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, UBS Group lifted their target price on Texas Instruments from $93.00 to $100.00 and gave the stock a “sell” rating in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $120.12.
Texas Instruments Company 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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