Varma Mutual Pension Insurance Co Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Varma Mutual Pension Insurance Co decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,053 shares of the semiconductor company's stock after selling 17,159 shares during the period. Varma Mutual Pension Insurance Co's holdings in Texas Instruments were worth $30,552,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TXN. Investment Advisory Services Inc. TX ADV lifted its stake in Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock valued at $612,000 after buying an additional 51 shares during the last quarter. Verity Asset Management Inc. raised its position in Texas Instruments by 1.1% in the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company's stock valued at $843,000 after purchasing an additional 54 shares during the last quarter. Prentice Wealth Management LLC boosted its stake in Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company's stock worth $516,000 after purchasing an additional 55 shares during the period. Pure Financial Advisors LLC grew its position in Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company's stock worth $433,000 after purchasing an additional 55 shares during the last quarter. Finally, Dakota Wealth Management increased its stake in Texas Instruments by 0.5% in the second quarter. Dakota Wealth Management now owns 10,869 shares of the semiconductor company's stock valued at $2,114,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Buying and Selling at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at approximately $33,233,101.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the company's stock in a transaction dated 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 directly owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Rosenblatt Securities increased their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Benchmark reaffirmed a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. Jefferies Financial Group boosted their target price on Texas Instruments from $175.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, July 24th. Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and increased their price target for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Robert W. Baird lifted their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $204.67.

Texas Instruments Price Performance

Texas Instruments stock traded down $4.10 during trading hours on Friday, hitting $197.45. The stock had a trading volume of 6,314,390 shares, compared to its average volume of 5,550,251. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The stock has a market capitalization of $179.77 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 4.43 and a beta of 0.99. The stock's fifty day moving average is $200.50 and its two-hundred day moving average is $187.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm's revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.87 EPS. As a group, analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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

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.