Mutual of America Capital Management LLC Sells 4,399 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mutual of America Capital Management LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 114,818 shares of the semiconductor company’s stock after selling 4,399 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Texas Instruments were worth $22,336,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TXN. Vanguard Group Inc. boosted its holdings in Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after buying an additional 536,206 shares during the last quarter. Capital Research Global Investors boosted its holdings in Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Texas Instruments by 6.2% during the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock worth $1,158,495,000 after buying an additional 348,528 shares during the last quarter. FIL Ltd boosted its holdings in Texas Instruments by 6.6% during the fourth quarter. FIL Ltd now owns 4,861,924 shares of the semiconductor company’s stock worth $828,764,000 after buying an additional 301,735 shares during the last quarter. Finally, Fayez Sarofim & Co boosted its holdings in Texas Instruments by 2.5% during the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock worth $744,218,000 after buying an additional 104,806 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, August 21st. Rosenblatt Securities lifted their price objective on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Susquehanna lifted their price objective on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. Finally, Robert W. Baird lifted their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Price Performance

Texas Instruments stock opened at $201.39 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The stock has a market capitalization of $183.36 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. The stock has a fifty day moving average of $200.66 and a 200-day moving average of $189.43.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the firm earned $1.87 EPS. Texas Instruments’s revenue was down 15.6% on a year-over-year basis. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.11 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, August 13th. Stockholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.58%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Insider Transactions at Texas Instruments

In other news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. 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.