Los Angeles Capital Management LLC Has $802,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Los Angeles Capital Management LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,601 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Texas Instruments were worth $802,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TXN. Norges Bank acquired a new stake in Texas Instruments in the fourth quarter valued at $1,649,592,000. Morgan Stanley lifted its stake in Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares during the last quarter. California Public Employees Retirement System lifted its stake in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after acquiring an additional 1,502,989 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after acquiring an additional 1,385,725 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $193.91 on Tuesday. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $206.00. The firm has a market cap of $176.55 billion, a P/E ratio of 30.25, a P/E/G ratio of 4.24 and a beta of 1.00. The company’s 50-day moving average price is $187.88 and its two-hundred day moving average price is $174.40.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm earned $1.85 EPS. On average, analysts anticipate that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total transaction of $18,286,320.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $71,009,121.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

TXN has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Barclays raised their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. TD Cowen raised their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Citigroup raised their target price on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $183.43.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.