Texas Instruments Incorporated (TXN) Holdings Cut by CIBC Private Wealth Group LLC

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CIBC Private Wealth Group LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 31.1% during the 1st quarter, HoldingsChannel reports. The firm owned 308,084 shares of the semiconductor company’s stock after selling 139,387 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Texas Instruments were worth $32,679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc lifted its position in shares of Texas Instruments by 1.0% during the third quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock worth $9,175,968,000 after acquiring an additional 807,808 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Texas Instruments by 1.2% during the fourth quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock worth $839,000 after acquiring an additional 105 shares in the last quarter. MHI Funds LLC lifted its position in shares of Texas Instruments by 37.9% during the fourth quarter. MHI Funds LLC now owns 31,182 shares of the semiconductor company’s stock worth $2,947,000 after acquiring an additional 8,562 shares in the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of Texas Instruments by 32.2% during the fourth quarter. Miller Howard Investments Inc. NY now owns 749,013 shares of the semiconductor company’s stock worth $70,782,000 after acquiring an additional 182,362 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth $40,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

TXN has been the topic of several recent research reports. Robert W. Baird restated a “hold” rating and set a $97.00 target price on shares of Texas Instruments in a research report on Tuesday, February 5th. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. DZ Bank downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Finally, Zacks Investment Research upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $111.18.

Shares of TXN stock opened at $109.12 on Wednesday. The company has a current ratio of 3.68, a quick ratio of 2.70 and a debt-to-equity ratio of 0.59. Texas Instruments Incorporated has a 52-week low of $87.70 and a 52-week high of $119.32. The firm has a market capitalization of $100.34 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.09. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.82%. Texas Instruments’s dividend payout ratio is presently 56.83%.

In related news, Chairman Richard K. Templeton sold 475,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total value of $55,755,500.00. Following the transaction, the chairman now owns 930,287 shares of the company’s stock, valued at $109,197,088.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rafael R. Lizardi sold 27,675 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $117.87, for a total value of $3,262,052.25. Following the completion of the transaction, the insider now directly owns 98,809 shares in the company, valued at approximately $11,646,616.83. The disclosure for this sale can be found here. In the last three months, insiders sold 879,332 shares of company stock worth $103,024,864. 0.89% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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