Securian Asset Management Inc. Sells 716 Shares of Texas Instruments Incorporated $TXN

Securian Asset Management Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 47,481 shares of the semiconductor company’s stock after selling 716 shares during the quarter. Securian Asset Management Inc.’s holdings in Texas Instruments were worth $9,858,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TXN. Nuveen LLC bought a new stake in Texas Instruments during the first quarter worth $711,387,000. Price T Rowe Associates Inc. MD grew its holdings in Texas Instruments by 20.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock worth $2,371,657,000 after buying an additional 2,257,086 shares in the last quarter. Jennison Associates LLC grew its holdings in Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock worth $397,940,000 after buying an additional 2,140,605 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Texas Instruments by 117.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,500,474 shares of the semiconductor company’s stock worth $726,768,000 after buying an additional 1,888,354 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Texas Instruments by 14.6% during the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after buying an additional 1,731,411 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TXN shares. Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. The Goldman Sachs Group began coverage on Texas Instruments in a research note on Thursday, July 10th. They issued a “buy” rating and a $255.00 price objective for the company. Wolfe Research upgraded Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective for the company in a research note on Monday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Texas Instruments in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $209.47.

Texas Instruments Stock Up 1.7%

Shares of NASDAQ TXN opened at $179.59 on Tuesday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The business’s fifty day moving average price is $187.17 and its 200-day moving average price is $185.96. The stock has a market capitalization of $163.27 billion, a PE ratio of 32.89, a P/E/G ratio of 2.99 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%.The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is currently 99.63%.

Insider Activity at Texas Instruments

In other news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the transaction, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Profile

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.