Meiji Yasuda Life Insurance Co Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

Meiji Yasuda Life Insurance Co decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,353 shares of the semiconductor company’s stock after selling 743 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Texas Instruments were worth $1,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in shares of Texas Instruments by 16.9% in the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after buying an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Texas Instruments by 5,858.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after acquiring an additional 636,013 shares during the period. Advisors Capital Management LLC increased its stake in shares of Texas Instruments by 185.7% during the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after purchasing an additional 205,676 shares during the last quarter. Clear Rock Advisors LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $1,984,000. Finally, KBC Group NV lifted its stake in Texas Instruments by 65.0% in the fourth quarter. KBC Group NV now owns 706,584 shares of the semiconductor company’s stock valued at $120,444,000 after purchasing an additional 278,396 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. KeyCorp boosted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $204.67.

Insider Buying and Selling

In other news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 0.3 %

NASDAQ TXN opened at $200.71 on Thursday. The business’s 50-day moving average is $200.60 and its 200 day moving average is $189.50. The stock has a market capitalization of $183.26 billion, a PE ratio of 31.31, a PEG ratio of 4.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.87 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s payout ratio is presently 81.12%.

Texas Instruments 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.