Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 69.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,096 shares of the semiconductor company’s stock after selling 18,632 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Texas Instruments were worth $1,410,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TXN. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $25,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the 4th quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Texas Instruments in the fourth quarter worth $31,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Texas Instruments during the first quarter worth $31,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 2.0 %

Texas Instruments stock traded up $4.09 during trading hours on Wednesday, hitting $203.81. 6,457,491 shares of the stock traded hands, compared to its average volume of 5,512,872. The firm’s 50-day moving average price is $198.13 and its two-hundred day moving average price is $180.46. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company has a market cap of $186.09 billion, a PE ratio of 31.36, a PEG ratio of 4.39 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $210.84.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s revenue was down 15.6% on a year-over-year basis. During the same period last year, the firm posted $1.87 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.55%. Texas Instruments’s payout ratio is 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TXN shares. Wells Fargo & Company began coverage on Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price target for the company. Morgan Stanley boosted their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Evercore ISI upped their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Barclays lifted their price objective on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $198.64.

Texas Instruments Company 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.