MU Investments Co. Ltd. Sells 100 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

MU Investments Co. Ltd. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,010 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Texas Instruments comprises approximately 4.0% of MU Investments Co. Ltd.’s holdings, making the stock its 14th largest position. MU Investments Co. Ltd.’s holdings in Texas Instruments were worth $3,184,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Fairfield Bush & CO. purchased a new position in Texas Instruments in the 1st quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Texas Instruments by 32.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after buying an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Texas Instruments by 7.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after buying an additional 413 shares during the last quarter. Wsfs Capital Management LLC purchased a new stake in Texas Instruments during the 1st quarter valued at $337,000. Finally, Bridgefront Capital LLC purchased a new stake in Texas Instruments during the 1st quarter valued at $315,000. 83.37% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other news, Director Pamela H. Patsley sold 10,539 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the sale, the director now directly owns 32,662 shares of the company’s stock, valued at $5,857,603.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $180.04, for a total value of $2,890,542.20. Following the completion of the transaction, the director now owns 35,801 shares in the company, valued at $6,445,612.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the completion of the transaction, the director now owns 32,662 shares of the company’s stock, valued at approximately $5,857,603.08. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Texas Instruments Stock Down 0.1 %

Shares of NASDAQ TXN traded down $0.18 during midday trading on Tuesday, reaching $162.65. 1,033,206 shares of the company’s stock traded hands, compared to its average volume of 5,076,596. The company has a quick ratio of 4.35, a current ratio of 5.72 and a debt-to-equity ratio of 0.69. The stock’s 50 day simple moving average is $172.20 and its 200-day simple moving average is $173.18. Texas Instruments Incorporated has a one year low of $145.97 and a one year high of $188.12. The company has a market cap of $147.68 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 2.37 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.37 billion. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The company’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period last year, the firm earned $2.45 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 7.34 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $1.24 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $4.96 annualized dividend and a yield of 3.05%. Texas Instruments’s dividend payout ratio (DPR) is 59.62%.

Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. Wolfe Research initiated coverage on shares of Texas Instruments in a research report on Wednesday, July 19th. They set a “peer perform” rating for the company. Susquehanna reaffirmed a “positive” rating and issued a $215.00 target price on shares of Texas Instruments in a report on Monday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Tuesday, July 25th. Barclays upped their target price on shares of Texas Instruments from $165.00 to $175.00 in a report on Wednesday, July 26th. Finally, Truist Financial dropped their target price on shares of Texas Instruments from $178.00 to $174.00 in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $185.32.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.