Dai ichi Life Insurance Company Ltd Has $11.26 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Dai ichi Life Insurance Company Ltd trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,868 shares of the semiconductor company’s stock after selling 12,308 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Texas Instruments were worth $11,257,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TXN. Westover Capital Advisors LLC bought a new position in shares of Texas Instruments in the 2nd quarter worth $292,000. Pinkerton Retirement Specialists LLC lifted its position in Texas Instruments by 6.1% in the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 22,908 shares of the semiconductor company’s stock valued at $4,456,000 after acquiring an additional 1,322 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in Texas Instruments by 5.5% during the 2nd quarter. GHP Investment Advisors Inc. now owns 46,837 shares of the semiconductor company’s stock worth $9,111,000 after purchasing an additional 2,431 shares in the last quarter. TradeLink Capital LLC purchased a new stake in shares of Texas Instruments in the second quarter worth approximately $253,000. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Texas Instruments by 24.1% in the second quarter. Meeder Advisory Services Inc. now owns 12,409 shares of the semiconductor company’s stock valued at $2,414,000 after purchasing an additional 2,408 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 2.0 %

TXN opened at $199.93 on Friday. The company has a market cap of $182.55 billion, a P/E ratio of 31.19, a P/E/G ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The business’s 50-day moving average price is $200.69 and its 200-day moving average price is $188.65. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.87 earnings per share. On average, equities analysts expect 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 was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TXN has been the subject of a number of recent analyst reports. Truist Financial reduced their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Rosenblatt Securities increased their price target on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Stifel Nicolaus boosted their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. The Goldman Sachs Group raised their target price on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $204.67.

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.