Gateway Investment Advisers LLC Has $50.54 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Gateway Investment Advisers LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 275,432 shares of the semiconductor company’s stock after selling 2,533 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Texas Instruments were worth $50,536,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. acquired a new position in Texas Instruments in the 4th quarter valued at $26,000. Stuart Chaussee & Associates Inc. grew its holdings in Texas Instruments by 81.7% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments during the 4th quarter worth $28,000. Widmann Financial Services Inc. acquired a new stake in shares of Texas Instruments during the 4th quarter worth $30,000. Finally, Rather & Kittrell Inc. acquired a new stake in shares of Texas Instruments during the 4th quarter worth $30,000. Institutional investors own 83.96% of the company’s stock.

In related news, Director Robert E. Sanchez sold 12,299 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $169.40, for a total transaction of $2,083,450.60. Following the completion of the transaction, the director now directly owns 19,201 shares in the company, valued at $3,252,649.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Hagop H. Kozanian sold 5,904 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $170.23, for a total value of $1,005,037.92. Following the completion of the transaction, the vice president now owns 44,885 shares of the company’s stock, valued at $7,640,773.55. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Shares of NASDAQ:TXN traded down $0.90 during mid-day trading on Thursday, hitting $151.70. 66,193 shares of the company traded hands, compared to its average volume of 5,478,507. The stock has a market cap of $139.89 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.88 and a beta of 0.94. The company has a current ratio of 5.54, a quick ratio of 4.73 and a debt-to-equity ratio of 0.52. Texas Instruments Incorporated has a 12-month low of $149.10 and a 12-month high of $202.26. The stock has a 50-day moving average price of $168.36 and a two-hundred day moving average price of $175.62.

Texas Instruments (NASDAQ:TXNGet Rating) last announced its earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.18. The company had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. Texas Instruments’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 earnings per share. As a group, analysts expect that Texas Instruments Incorporated will post 8.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Investors of record on Monday, May 9th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, May 6th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.03%. Texas Instruments’s payout ratio is 52.63%.

Several research firms have recently issued reports on TXN. Mizuho reduced their target price on Texas Instruments from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, April 27th. UBS Group reduced their price objective on Texas Instruments from $180.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 27th. Barclays reduced their price objective on Texas Instruments from $170.00 to $150.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 27th. Jefferies Financial Group reduced their price objective on Texas Instruments from $220.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Finally, Susquehanna Bancshares reduced their price objective on Texas Instruments from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $191.67.

About Texas Instruments (Get Rating)

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

See Also

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

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