Flinton Capital Management LLC Lowers Position in Texas Instruments (TXN)

Flinton Capital Management LLC cut its holdings in Texas Instruments (NASDAQ:TXN) by 17.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 299,778 shares of the semiconductor company’s stock after selling 63,138 shares during the quarter. Texas Instruments makes up about 1.0% of Flinton Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Flinton Capital Management LLC’s holdings in Texas Instruments were worth $31,144,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Texas Instruments by 2.5% in the fourth quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock worth $7,187,053,000 after purchasing an additional 1,682,070 shares in the last quarter. Geode Capital Management LLC raised its holdings in Texas Instruments by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 11,948,264 shares of the semiconductor company’s stock worth $1,245,591,000 after purchasing an additional 388,827 shares in the last quarter. Franklin Resources Inc. raised its holdings in Texas Instruments by 26.5% in the first quarter. Franklin Resources Inc. now owns 11,709,967 shares of the semiconductor company’s stock worth $1,216,549,000 after purchasing an additional 2,450,531 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Texas Instruments by 2.0% in the fourth quarter. Clearbridge Investments LLC now owns 8,386,333 shares of the semiconductor company’s stock worth $875,869,000 after purchasing an additional 164,069 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Texas Instruments by 0.9% in the first quarter. Wells Fargo & Company MN now owns 7,618,947 shares of the semiconductor company’s stock worth $791,533,000 after purchasing an additional 66,873 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Shares of Texas Instruments opened at $111.56 on Monday, Marketbeat reports. Texas Instruments has a twelve month low of $75.92 and a twelve month high of $120.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.53 and a current ratio of 4.62. The company has a market capitalization of $109.21 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.10. Texas Instruments had a net margin of 26.39% and a return on equity of 43.73%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the company earned $0.89 EPS. Texas Instruments’s quarterly revenue was up 11.4% on a year-over-year basis. analysts forecast that Texas Instruments will post 5.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 21st. Investors of record on Monday, May 7th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, May 4th. This represents a $2.48 annualized dividend and a yield of 2.22%. Texas Instruments’s dividend payout ratio (DPR) is presently 57.94%.

In other Texas Instruments news, insider Niels Anderskouv sold 102,595 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $110.10, for a total value of $11,295,709.50. Following the sale, the insider now owns 110,187 shares in the company, valued at approximately $12,131,588.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kevin J. Ritchie sold 52,698 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $110.17, for a total value of $5,805,738.66. Following the completion of the sale, the insider now owns 172,545 shares in the company, valued at approximately $19,009,282.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,484 shares of company stock worth $19,325,083. 0.84% of the stock is owned by corporate insiders.

TXN has been the subject of a number of recent research reports. UBS initiated coverage on shares of Texas Instruments in a report on Wednesday, April 4th. They issued a “sell” rating and a $85.00 target price for the company. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Tuesday, April 3rd. Longbow Research initiated coverage on shares of Texas Instruments in a report on Tuesday, March 27th. They issued a “neutral” rating for the company. DZ Bank upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Finally, BidaskClub downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $113.36.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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