408,125 Shares in Texas Instruments Incorporated (TXN) Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 408,125 shares of the semiconductor company’s stock, valued at approximately $44,998,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Texas Instruments by 19.7% in the 2nd quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock worth $1,423,082,000 after buying an additional 2,120,260 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Texas Instruments by 26.5% in the 1st quarter. Franklin Resources Inc. now owns 11,709,967 shares of the semiconductor company’s stock worth $1,216,549,000 after buying an additional 2,450,531 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Texas Instruments by 0.6% in the 2nd quarter. Wells Fargo & Company MN now owns 7,664,747 shares of the semiconductor company’s stock worth $845,038,000 after buying an additional 45,800 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Texas Instruments by 2.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,127,814 shares of the semiconductor company’s stock worth $675,592,000 after buying an additional 123,780 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Texas Instruments by 39.1% in the 2nd quarter. Schroder Investment Management Group now owns 3,278,298 shares of the semiconductor company’s stock worth $357,662,000 after buying an additional 921,101 shares during the period. Institutional investors own 83.98% of the company’s stock.

Shares of NASDAQ:TXN opened at $108.25 on Thursday. Texas Instruments Incorporated has a 1 year low of $84.48 and a 1 year high of $120.75. The stock has a market cap of $101.99 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18. The company has a current ratio of 6.54, a quick ratio of 5.12 and a debt-to-equity ratio of 0.48.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.03. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. research analysts expect that Texas Instruments Incorporated will post 5.49 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. Sanford C. Bernstein set a $130.00 target price on Texas Instruments and gave the stock a “buy” rating in a report on Wednesday, July 25th. Atlantic Securities assumed coverage on Texas Instruments in a report on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 target price for the company. Zacks Investment Research cut Texas Instruments from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 30th. B. Riley upped their target price on Texas Instruments from $115.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Finally, BidaskClub lowered Texas Instruments from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Texas Instruments currently has an average rating of “Hold” and a consensus target price of $121.64.

In related news, insider Stephen A. Anderson sold 25,318 shares of the company’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the transaction, the insider now directly owns 131,153 shares of the company’s stock, valued at approximately $14,630,117.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.84% of the company’s stock.

Texas Instruments 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.

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

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