Mn Services Vermogensbeheer B.V. Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 358,984 shares of the semiconductor company’s stock after selling 8,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Texas Instruments were worth $69,833,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TXN. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the 4th quarter worth $26,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Texas Instruments during the 4th quarter worth about $31,000. Finally, Westend Capital Management LLC purchased a new stake in Texas Instruments during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Rosenblatt Securities lifted their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Barclays increased their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group boosted their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, Truist Financial cut their price target on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $201.95.

Texas Instruments Price Performance

Shares of TXN stock traded up $6.11 on Friday, reaching $209.88. 6,112,011 shares of the company were exchanged, compared to its average volume of 5,549,852. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $210.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The business has a 50-day moving average price of $197.98 and a 200 day moving average price of $184.29. The company has a market cap of $191.09 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 4.36 and a beta of 0.99.

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

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.48%. Texas Instruments’s payout ratio is currently 81.12%.

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.