Morningstar Investment Services LLC Has $17.27 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

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Morningstar Investment Services LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,421 shares of the semiconductor company’s stock after selling 3,789 shares during the period. Morningstar Investment Services LLC’s holdings in Texas Instruments were worth $17,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in TXN. EFG Asset Management Americas Corp. acquired a new stake in Texas Instruments in the second quarter valued at approximately $1,563,000. Huntington National Bank lifted its stake in shares of Texas Instruments by 2.4% in the 2nd quarter. Huntington National Bank now owns 507,167 shares of the semiconductor company’s stock valued at $64,396,000 after acquiring an additional 11,915 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in shares of Texas Instruments by 14.6% during the 2nd quarter. Chartwell Investment Partners LLC now owns 29,696 shares of the semiconductor company’s stock valued at $3,771,000 after acquiring an additional 3,785 shares in the last quarter. State of Michigan Retirement System grew its position in Texas Instruments by 9.4% during the 2nd quarter. State of Michigan Retirement System now owns 234,429 shares of the semiconductor company’s stock worth $29,765,000 after acquiring an additional 20,111 shares during the last quarter. Finally, Everett Harris & Co. CA increased its holdings in Texas Instruments by 12.8% in the 2nd quarter. Everett Harris & Co. CA now owns 3,084 shares of the semiconductor company’s stock worth $392,000 after purchasing an additional 350 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

Shares of TXN stock traded down $1.34 on Friday, hitting $127.55. The stock had a trading volume of 8,044,132 shares, compared to its average volume of 4,561,689. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.92 and a quick ratio of 2.94. The business has a 50 day moving average of $128.12 and a 200 day moving average of $119.70. Texas Instruments Incorporated has a 12-month low of $93.09 and a 12-month high of $137.65. The stock has a market cap of $117.06 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.73 and a beta of 1.13.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 21st. The semiconductor company reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.60. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business posted $1.36 EPS. As a group, research analysts expect that Texas Instruments Incorporated will post 5.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, July 30th. This represents a $3.60 dividend on an annualized basis and a yield of 2.82%. Texas Instruments’s dividend payout ratio (DPR) is currently 68.70%.

In other news, VP Ahmad Bahai sold 3,185 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $115.57, for a total transaction of $368,090.45. Following the transaction, the vice president now owns 27,168 shares of the company’s stock, valued at approximately $3,139,805.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carrie Smith Cox sold 26,905 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $130.00, for a total value of $3,497,650.00. Following the transaction, the director now owns 46,221 shares of the company’s stock, valued at approximately $6,008,730. The disclosure for this sale can be found here. In the last three months, insiders sold 122,396 shares of company stock worth $15,983,413. Insiders own 0.73% of the company’s stock.

Several research firms have recently weighed in on TXN. BNP Paribas cut Texas Instruments from a “neutral” rating to an “underperform” rating and set a $108.00 price target on the stock. in a report on Thursday, July 9th. Mizuho boosted their target price on shares of Texas Instruments from $111.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Charter Equity upgraded shares of Texas Instruments from a “market perform” rating to a “market outperform” rating in a research report on Wednesday, July 22nd. Loop Capital lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and cut their price target for the stock from $145.00 to $108.00 in a report on Wednesday, April 22nd. Finally, Longbow Research initiated coverage on Texas Instruments in a report on Wednesday, April 22nd. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $134.00.

Texas Instruments Profile

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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