New York Life Investment Management LLC Sells 908 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

New York Life Investment Management LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,471 shares of the semiconductor company’s stock after selling 908 shares during the quarter. New York Life Investment Management LLC’s holdings in Texas Instruments were worth $26,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Palmer Knight Co increased its stake in shares of Texas Instruments by 0.9% during the second quarter. Palmer Knight Co now owns 28,283 shares of the semiconductor company’s stock valued at $5,502,000 after purchasing an additional 255 shares in the last quarter. Blue Barn Wealth LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter worth approximately $215,000. Arizona State Retirement System increased its position in Texas Instruments by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 263,830 shares of the semiconductor company’s stock valued at $51,323,000 after buying an additional 3,206 shares in the last quarter. Altus Wealth Group LLC purchased a new position in Texas Instruments during the second quarter valued at $628,000. Finally, Columbia Asset Management boosted its holdings in Texas Instruments by 25.5% in the second quarter. Columbia Asset Management now owns 1,723 shares of the semiconductor company’s stock worth $335,000 after acquiring an additional 350 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Robert W. Baird raised their price target on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. The Goldman Sachs Group lifted their target price 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. Jefferies Financial Group upped their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Stifel Nicolaus raised their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Three 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $204.67.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $197.45 on Friday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The firm has a market capitalization of $180.28 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average of $200.50 and a 200 day moving average of $187.40.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.87 EPS. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.63%. Texas Instruments’s payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by company insiders.

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.