Cigna Investments Inc. New boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,519 shares of the semiconductor company’s stock after purchasing an additional 1,550 shares during the period. Cigna Investments Inc. New’s holdings in Texas Instruments were worth $3,349,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in TXN. Sugarloaf Wealth Management LLC bought a new position in Texas Instruments during the 4th quarter worth about $27,000. Credit Agricole S A increased its holdings in Texas Instruments by 85.8% during the 4th quarter. Credit Agricole S A now owns 210 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 97 shares in the last quarter. Atlas Private Wealth Management acquired a new position in shares of Texas Instruments during the 4th quarter worth about $28,000. FSA Wealth Management LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $38,000. Finally, New England Investment & Retirement Group Inc. acquired a new position in shares of Texas Instruments during the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 86.02% of the company’s stock.
In other news, VP Ahmad Bahai sold 3,185 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $115.57, for a total transaction of $368,090.45. Following the transaction, the vice president now directly owns 27,168 shares of the company’s stock, valued at $3,139,805.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by company insiders.
Texas Instruments stock traded down $0.03 during trading hours on Friday, hitting $113.43. The company had a trading volume of 3,010,741 shares, compared to its average volume of 4,875,743. The firm has a market cap of $104.13 billion, a PE ratio of 21.77, a PEG ratio of 3.03 and a beta of 1.16. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.49 and a quick ratio of 2.65. Texas Instruments Incorporated has a one year low of $93.09 and a one year high of $135.70. The firm has a 50-day moving average of $110.42 and a 200 day moving average of $118.55.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.23. Texas Instruments had a net margin of 35.17% and a return on equity of 57.45%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue was down 7.4% on a year-over-year basis. As a group, research analysts expect that Texas Instruments Incorporated will post 4.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 4th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.60 annualized dividend and a dividend yield of 3.17%. Texas Instruments’s dividend payout ratio is presently 68.70%.
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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