Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Putnam Investments LLC

Putnam Investments LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 90.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,035 shares of the semiconductor company’s stock after selling 1,191,563 shares during the quarter. Putnam Investments LLC’s holdings in Texas Instruments were worth $22,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sittner & Nelson LLC grew its position in shares of Texas Instruments by 892.9% during the first quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new position in shares of Texas Instruments during the first quarter worth approximately $28,000. Magellan Asset Management Ltd purchased a new position in shares of Texas Instruments during the first quarter worth approximately $32,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $30,000. Finally, Godsey & Gibb Inc. purchased a new position in shares of Texas Instruments during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 83.37% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 10,539 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $179.34, for a total value of $1,890,064.26. Following the completion of the transaction, the director now owns 32,662 shares of the company’s stock, valued at approximately $5,857,603.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the completion of the transaction, the director now owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the transaction, the director now directly owns 32,662 shares of the company’s stock, valued at approximately $5,857,603.08. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Up 1.0 %

NASDAQ:TXN opened at $166.05 on Friday. The company has a market capitalization of $150.77 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. The company has a quick ratio of 4.35, a current ratio of 5.72 and a debt-to-equity ratio of 0.69. Texas Instruments Incorporated has a 52-week low of $145.97 and a 52-week high of $188.12. The stock has a fifty day simple moving average of $172.60 and a 200-day simple moving average of $173.27.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. Texas Instruments had a return on equity of 50.90% and a net margin of 40.84%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the company posted $2.45 EPS. The business’s revenue was down 13.1% on a year-over-year basis. On average, equities research analysts expect that Texas Instruments Incorporated will post 7.34 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 2.99%. The ex-dividend date was Friday, July 28th. Texas Instruments’s payout ratio is 59.62%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TXN. Stifel Nicolaus lifted their price objective on shares of Texas Instruments from $170.00 to $180.00 in a research report on Wednesday, July 26th. Sanford C. Bernstein lowered shares of Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, August 30th. UBS Group lowered their price objective on shares of Texas Instruments from $190.00 to $185.00 in a research report on Wednesday, July 26th. Wolfe Research began coverage on shares of Texas Instruments in a research report on Wednesday, July 19th. They issued a “peer perform” rating on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $185.32.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.