B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 55.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,054 shares of the semiconductor company’s stock after selling 16,409 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Texas Instruments were worth $1,439,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Texas Instruments during the 2nd quarter valued at $100,000. Centaurus Financial Inc. purchased a new position in Texas Instruments in the 2nd quarter worth $101,000. Baker Ellis Asset Management LLC purchased a new position in Texas Instruments in the 2nd quarter worth $105,000. Kwmg LLC purchased a new position in Texas Instruments in the 2nd quarter worth $107,000. Finally, Penserra Capital Management LLC purchased a new position in Texas Instruments in the 1st quarter worth $106,000. Institutional investors own 84.39% of the company’s stock.

In other news, insider Stephen A. Anderson sold 25,318 shares of the firm’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 sale, the insider now directly owns 131,153 shares in the company, valued at approximately $14,630,117.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is owned by company insiders.

Shares of TXN opened at $105.72 on Friday. The stock has a market cap of $103.10 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.12 and a current ratio of 6.54. Texas Instruments Incorporated has a fifty-two week low of $82.40 and a fifty-two week high of $120.75.

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

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein set a $130.00 target price on Texas Instruments and gave the stock a “buy” rating in a research note on Wednesday, July 25th. BidaskClub lowered Texas Instruments from a “sell” rating to a “strong sell” rating in a research note on Friday. Atlantic Securities assumed coverage on Texas Instruments in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 target price for the company. Zacks Investment Research lowered Texas Instruments from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 30th. Finally, B. Riley raised their target price on Texas Instruments from $115.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $121.64.

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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