Guyasuta Investment Advisors Inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,495 shares of the semiconductor company’s stock after purchasing an additional 3,795 shares during the period. Texas Instruments comprises about 1.4% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. Guyasuta Investment Advisors Inc.’s holdings in Texas Instruments were worth $13,369,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in shares of Texas Instruments by 0.8% in the second quarter. Janus Henderson Group PLC now owns 15,856,423 shares of the semiconductor company’s stock worth $1,819,554,000 after acquiring an additional 132,226 shares during the period. Alecta Pensionsforsakring Omsesidigt grew its holdings in shares of Texas Instruments by 9.2% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,104,000 shares of the semiconductor company’s stock worth $470,154,000 after acquiring an additional 345,000 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of Texas Instruments by 2.2% in the first quarter. Parametric Portfolio Associates LLC now owns 3,321,755 shares of the semiconductor company’s stock worth $352,339,000 after acquiring an additional 72,745 shares during the period. Bank of Montreal Can grew its holdings in shares of Texas Instruments by 17.8% in the first quarter. Bank of Montreal Can now owns 3,212,978 shares of the semiconductor company’s stock worth $340,801,000 after acquiring an additional 486,584 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Texas Instruments by 1.4% in the first quarter. Swiss National Bank now owns 3,206,294 shares of the semiconductor company’s stock worth $340,092,000 after acquiring an additional 45,800 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.
Shares of Texas Instruments stock traded down $1.31 during trading hours on Thursday, hitting $124.73. The company’s stock had a trading volume of 76,854 shares, compared to its average volume of 6,369,581. The business has a 50 day moving average price of $120.99 and a two-hundred day moving average price of $112.68. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $130.37. The company has a market cap of $116.33 billion, a PE ratio of 23.05, a PEG ratio of 2.35 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.08. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st were given a $0.77 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $3.08 annualized dividend and a dividend yield of 2.47%. Texas Instruments’s payout ratio is 56.83%.
Several analysts recently commented on the company. Oppenheimer lifted their price objective on Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. UBS Group lifted their target price on Texas Instruments from $93.00 to $100.00 and gave the company a “sell” rating in a research report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and set a $124.00 target price on shares of Texas Instruments in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $135.00 target price on the stock in a research report on Saturday, July 27th. Finally, Credit Suisse Group lifted their target price on Texas Instruments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $119.12.
In related news, CFO Rafael R. Lizardi sold 76,523 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 94,648 shares in the company, valued at $12,116,836.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider R Gregory Delagi sold 450,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 243,755 shares in the company, valued at $31,276,204.05. The disclosure for this sale can be found here. Insiders sold 1,251,117 shares of company stock worth $159,473,823 over the last 90 days. Company insiders own 0.89% of the company’s stock.
About Texas Instruments
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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