Texas Instruments Incorporated (NASDAQ:TXN) Holdings Cut by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,870 shares of the semiconductor company’s stock after selling 1,580 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Texas Instruments were worth $2,439,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently made changes to their positions in TXN. Vanguard Group Inc. boosted its holdings in Texas Instruments by 0.7% in the second quarter. Vanguard Group Inc. now owns 86,131,319 shares of the semiconductor company’s stock valued at $9,884,431,000 after purchasing an additional 599,958 shares during the period. Janus Henderson Group PLC boosted its holdings in Texas Instruments by 0.8% in the second quarter. Janus Henderson Group PLC now owns 15,856,423 shares of the semiconductor company’s stock valued at $1,819,554,000 after purchasing an additional 132,226 shares during the period. Northern Trust Corp boosted its holdings in Texas Instruments by 0.8% in the second quarter. Northern Trust Corp now owns 13,882,619 shares of the semiconductor company’s stock valued at $1,593,168,000 after purchasing an additional 104,543 shares during the period. Invesco Ltd. boosted its holdings in Texas Instruments by 29.5% in the second quarter. Invesco Ltd. now owns 13,864,091 shares of the semiconductor company’s stock valued at $1,591,044,000 after purchasing an additional 3,158,845 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in Texas Instruments by 16,895.4% in the second quarter. Nuveen Asset Management LLC now owns 7,969,808 shares of the semiconductor company’s stock valued at $914,615,000 after purchasing an additional 7,922,914 shares during the period. 85.03% of the stock is owned by institutional investors and hedge funds.

TXN stock traded up $2.53 during trading on Wednesday, hitting $120.28. The company had a trading volume of 4,537,648 shares, compared to its average volume of 5,027,463. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $132.20. The firm has a 50-day moving average price of $120.70 and a 200-day moving average price of $119.72. The firm has a market cap of $112.37 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21. The company has a quick ratio of 3.32, a current ratio of 4.34 and a debt-to-equity ratio of 0.59.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.07. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 58.00% and a net margin of 35.10%. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 4.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Thursday, October 31st were given a dividend of $0.90 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $0.77. This represents a $3.60 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Wednesday, October 30th. Texas Instruments’s payout ratio is currently 66.42%.

In other news, VP Hagop H. Kozanian sold 5,383 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $119.51, for a total transaction of $643,322.33. Following the completion of the sale, the vice president now directly owns 41,839 shares in the company, valued at approximately $5,000,178.89. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ahmad Bahai sold 1,550 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.99, for a total transaction of $182,884.50. Following the sale, the vice president now directly owns 25,354 shares of the company’s stock, valued at $2,991,518.46. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

TXN has been the subject of a number of recent research reports. BidaskClub lowered Texas Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Charter Equity lowered Texas Instruments from a “buy” rating to a “market perform” rating in a report on Wednesday, October 23rd. Oppenheimer cut their price target on Texas Instruments from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Mizuho cut their price target on Texas Instruments from $116.00 to $113.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $111.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $120.97.

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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