Axa S.A. Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Axa S.A. trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 49.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 439,536 shares of the semiconductor company’s stock after selling 437,776 shares during the quarter. Axa S.A.’s holdings in Texas Instruments were worth $85,503,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in Texas Instruments by 54.3% during the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after acquiring an additional 1,972,304 shares during the last quarter. Capital Research Global Investors grew its holdings in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. Baillie Gifford & Co. raised its position in Texas Instruments by 65.8% in the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after purchasing an additional 1,181,841 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Texas Instruments by 35.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,083,589 shares of the semiconductor company’s stock worth $525,643,000 after purchasing an additional 809,805 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Texas Instruments by 23.7% during the fourth quarter. Capital International Investors now owns 3,697,517 shares of the semiconductor company’s stock valued at $630,335,000 after buying an additional 709,115 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.1 %

Shares of NASDAQ TXN opened at $205.06 on Thursday. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The business has a fifty day moving average price of $200.79 and a 200 day moving average price of $190.54. The stock has a market capitalization of $187.23 billion, a P/E ratio of 31.99, a price-to-earnings-growth ratio of 4.43 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 (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s revenue was down 15.6% compared to the same quarter last year. During the same period last year, the business earned $1.87 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.65%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. KeyCorp increased their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Evercore ISI upped their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley lifted their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $204.67.

About Texas Instruments

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.