Voya Investment Management LLC Sells 16,239 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Posted by Defense World Staff on Jun 18th, 2023

Voya Investment Management LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,986 shares of the semiconductor company’s stock after selling 16,239 shares during the quarter. Voya Investment Management LLC owned 0.06% of Texas Instruments worth $86,243,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TXN. Norges Bank bought a new stake in shares of Texas Instruments in the 4th quarter worth $1,548,365,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of Texas Instruments by 60,024.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock worth $1,381,785,000 after buying an additional 8,349,393 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after buying an additional 5,191,426 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Texas Instruments by 28.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,634,827 shares of the semiconductor company’s stock worth $2,748,406,000 after buying an additional 3,655,383 shares during the last quarter. Finally, Generation Investment Management LLP boosted its holdings in shares of Texas Instruments by 450.1% in the 4th quarter. Generation Investment Management LLP now owns 2,701,426 shares of the semiconductor company’s stock worth $446,330,000 after buying an additional 2,210,349 shares during the last quarter. Institutional investors own 83.12% of the company’s stock.

Texas Instruments Trading Down 0.7 %

Shares of Texas Instruments stock opened at $176.76 on Friday. The company has a current ratio of 5.17, a quick ratio of 4.04 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $171.36 and its 200-day moving average price is $173.56. The company has a market cap of $160.44 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.55 and a beta of 1.03. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $186.30.

Texas Instruments (NASDAQ:TXN – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Texas Instruments had a net margin of 42.33% and a return on equity of 56.40%. On average, equities analysts expect that Texas Instruments Incorporated will post 7.48 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 16th. Shareholders of record on Monday, May 8th were given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Friday, May 5th. Texas Instruments’s payout ratio is currently 55.73%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TXN. Bank of America cut their price target on shares of Texas Instruments from $205.00 to $195.00 in a report on Wednesday, April 26th. Citigroup cut their price target on shares of Texas Instruments from $175.00 to $173.00 in a report on Wednesday, April 26th. Oppenheimer boosted their price target on shares of Texas Instruments from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. StockNews.com downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Truist Financial dropped their price objective on shares of Texas Instruments from $180.00 to $178.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $179.57.

About Texas Instruments

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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.