Pinebridge Investments L.P. lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 36.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,088 shares of the semiconductor company’s stock after selling 31,128 shares during the quarter. Pinebridge Investments L.P.’s holdings in Texas Instruments were worth $5,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TXN. Kiley Juergens Wealth Management LLC bought a new stake in shares of Texas Instruments in the 2nd quarter worth about $100,000. Kwmg LLC bought a new stake in shares of Texas Instruments in the 2nd quarter worth about $107,000. Penserra Capital Management LLC bought a new stake in shares of Texas Instruments in the 1st quarter worth about $106,000. Stelac Advisory Services LLC bought a new stake in shares of Texas Instruments in the 1st quarter worth about $110,000. Finally, Massey Quick Simon & CO. LLC lifted its holdings in shares of Texas Instruments by 89.7% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,066 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 504 shares during the last quarter. Institutional investors and hedge funds own 84.55% of the company’s stock.

NASDAQ TXN opened at $113.64 on Friday. The company has a current ratio of 6.54, a quick ratio of 5.12 and a debt-to-equity ratio of 0.48. The stock has a market cap of $109.07 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.15 and a beta of 1.20. Texas Instruments Incorporated has a one year low of $80.03 and a one year high of $120.75.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, August 13th. Shareholders of record on Tuesday, July 31st were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Monday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.

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

TXN has been the subject of several analyst reports. ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 11th. Loop Capital assumed coverage on shares of Texas Instruments in a research note on Thursday, June 21st. They issued a “buy” rating and a $135.00 price target on the stock. Zacks Investment Research downgraded shares of Texas Instruments from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 30th. Finally, Atlantic Securities assumed coverage on shares of Texas Instruments in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Texas Instruments currently has an average rating of “Hold” and a consensus target price of $121.64.

About Texas Instruments

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.

Further Reading: Closed-End Mutual Funds (CEFs)

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

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