Strs Ohio Sells 3,440 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Strs Ohio decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 797,620 shares of the semiconductor company’s stock after selling 3,440 shares during the period. Strs Ohio owned 0.09% of Texas Instruments worth $103,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. raised its position in shares of Texas Instruments by 348.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 279 shares in the last quarter. Pathstone Family Office LLC raised its position in shares of Texas Instruments by 106.0% in the 2nd quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 194 shares in the last quarter. TD Capital Management LLC bought a new position in shares of Texas Instruments in the 2nd quarter worth approximately $45,000. HMS Capital Management LLC bought a new position in shares of Texas Instruments in the 2nd quarter worth approximately $46,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Texas Instruments in the 2nd quarter worth approximately $48,000. 85.38% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on TXN. SunTrust Banks increased their target price on Texas Instruments to $133.00 and gave the stock a “hold” 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. Morgan Stanley increased their target price on Texas Instruments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Bank of America raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $145.00 to $150.00 in a research report on Friday, September 27th. Finally, Deutsche Bank reaffirmed a “neutral” rating and set a $120.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $120.12.

In other news, CFO Rafael R. Lizardi sold 76,523 shares of the firm’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 transaction, the chief financial officer now directly owns 94,648 shares in the company, valued at approximately $12,116,836.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider R Gregory Delagi sold 198,610 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the completion of the transaction, the insider now owns 102,652 shares in the company, valued at $12,851,003.88. 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. Company insiders own 0.89% of the company’s stock.

TXN traded up $0.86 during trading on Monday, hitting $130.32. 385,099 shares of the company’s stock traded hands, compared to its average volume of 4,298,153. The company’s 50 day simple moving average is $127.71 and its two-hundred day simple moving average is $118.44. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $132.20. The stock has a market capitalization of $121.49 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.46 and a beta of 1.26.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.21 by $0.08. The business 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 company’s revenue was down 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.37 EPS. On average, equities analysts expect that Texas Instruments Incorporated will post 5.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Thursday, October 31st will be paid a $0.90 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.

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.

Further Reading: Analyzing a company’s cash flow statement

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.