King Luther Capital Management Corp grew its stake in shares of Texas Instruments (NASDAQ:TXN) by 10.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,203 shares of the semiconductor company’s stock after buying an additional 11,506 shares during the period. King Luther Capital Management Corp’s holdings in Texas Instruments were worth $12,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in the company. American International Group Inc. increased its position in Texas Instruments by 1,093.2% in the fourth quarter. American International Group Inc. now owns 5,611,506 shares of the semiconductor company’s stock worth $586,066,000 after purchasing an additional 5,141,210 shares during the last quarter. Lansdowne Partners UK LLP increased its position in Texas Instruments by 16,573.7% in the fourth quarter. Lansdowne Partners UK LLP now owns 3,774,084 shares of the semiconductor company’s stock worth $394,167,000 after purchasing an additional 3,751,449 shares during the last quarter. Jennison Associates LLC increased its position in Texas Instruments by 31.0% in the fourth quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock worth $909,512,000 after purchasing an additional 2,061,255 shares during the last quarter. BlackRock Inc. increased its position in Texas Instruments by 2.5% in the fourth quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock worth $7,187,053,000 after purchasing an additional 1,682,070 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in Texas Instruments in the first quarter worth $111,130,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.
In other news, insider Niels Anderskouv sold 102,595 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $110.10, for a total transaction of $11,295,709.50. Following the completion of the sale, the insider now directly owns 110,187 shares of the company’s stock, valued at $12,131,588.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin J. Ritchie sold 52,698 shares of the business’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $110.17, for a total transaction of $5,805,738.66. Following the sale, the insider now directly owns 172,545 shares of the company’s stock, valued at $19,009,282.65. The disclosure for this sale can be found here. Insiders have sold 175,484 shares of company stock valued at $19,325,083 over the last three months. Insiders own 0.84% of the company’s stock.
Shares of TXN opened at $110.54 on Friday. The firm has a market cap of $108.21 billion, a PE ratio of 25.83, a P/E/G ratio of 2.17 and a beta of 1.25. Texas Instruments has a 12-month low of $75.92 and a 12-month high of $120.75. The company has a quick ratio of 3.53, a current ratio of 4.62 and a debt-to-equity ratio of 0.34.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.10. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.65 billion. Texas Instruments had a net margin of 26.39% and a return on equity of 43.73%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share. analysts predict that Texas Instruments will post 5.31 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 21st. Stockholders of record on Monday, May 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, May 4th. Texas Instruments’s dividend payout ratio is currently 57.94%.
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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