Westpac Banking Corp Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

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Westpac Banking Corp raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 53.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,026 shares of the semiconductor company’s stock after purchasing an additional 87,010 shares during the period. Westpac Banking Corp’s holdings in Texas Instruments were worth $28,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of TXN. Janus Henderson Group PLC increased its stake in shares of Texas Instruments by 0.8% during the 2nd quarter. Janus Henderson Group PLC now owns 15,856,423 shares of the semiconductor company’s stock worth $1,819,554,000 after purchasing an additional 132,226 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its holdings in shares of Texas Instruments by 9.2% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,104,000 shares of the semiconductor company’s stock worth $470,154,000 after acquiring an additional 345,000 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Texas Instruments by 2.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 3,321,755 shares of the semiconductor company’s stock worth $352,339,000 after acquiring an additional 72,745 shares during the period. Bank of Montreal Can lifted its holdings in shares of Texas Instruments by 17.8% during the 1st quarter. Bank of Montreal Can now owns 3,212,978 shares of the semiconductor company’s stock worth $340,801,000 after acquiring an additional 486,584 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Texas Instruments by 1.4% during the 1st quarter. Swiss National Bank now owns 3,206,294 shares of the semiconductor company’s stock worth $340,092,000 after acquiring an additional 45,800 shares during the period. Institutional investors own 85.91% of the company’s stock.

Shares of TXN traded up $2.94 during trading hours on Tuesday, hitting $123.02. 4,897,952 shares of the stock were exchanged, compared to its average volume of 6,360,526. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $130.37. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $119.53. The company has a market capitalization of $111.57 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.28 and a beta of 1.25.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. Texas Instruments’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Tuesday, July 30th. Texas Instruments’s dividend payout ratio is presently 56.83%.

A number of analysts have recently weighed in on TXN shares. Credit Suisse Group upped their price target on shares of Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $135.00 price objective for the company in a research note on Saturday, July 27th. Rosenblatt Securities reissued a “buy” rating and issued a $120.00 price objective on shares of Texas Instruments in a research note on Monday, April 22nd. Robert W. Baird increased their price objective on shares of Texas Instruments from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Loop Capital increased their price objective on shares of Texas Instruments to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $118.74.

In other Texas Instruments news, SVP Bing Xie sold 52,299 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $127.75, for a total value of $6,681,197.25. Following the transaction, the senior vice president now directly owns 106,264 shares of the company’s stock, valued at $13,575,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R Gregory Delagi sold 198,610 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the sale, the insider now owns 102,652 shares of the company’s stock, valued at $12,851,003.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,251,117 shares of company stock worth $159,473,823. 0.89% of the stock is owned by insiders.

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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