Bank of Hawaii Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Bank of Hawaii lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,950 shares of the semiconductor company’s stock after purchasing an additional 1,129 shares during the period. Bank of Hawaii’s holdings in Texas Instruments were worth $3,919,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Green Square Capital LLC bought a new position in Texas Instruments in the 4th quarter worth $1,354,000. Bahl & Gaynor Inc. boosted its holdings in Texas Instruments by 47.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock worth $264,036,000 after buying an additional 904,477 shares during the period. Commerce Bank boosted its holdings in Texas Instruments by 38.6% in the 1st quarter. Commerce Bank now owns 468,198 shares of the semiconductor company’s stock worth $49,662,000 after buying an additional 130,310 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Texas Instruments in the 1st quarter worth $5,100,000. Finally, Bessemer Group Inc. boosted its holdings in Texas Instruments by 25.3% in the 4th quarter. Bessemer Group Inc. now owns 2,782,405 shares of the semiconductor company’s stock worth $262,938,000 after buying an additional 561,160 shares during the period. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Several brokerages recently weighed in on TXN. UBS Group reaffirmed a “sell” rating and issued a $90.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. JPMorgan Chase & Co. reissued a “buy” rating and set a $130.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Deutsche Bank increased their price objective on shares of Texas Instruments from $100.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. ValuEngine downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, BidaskClub downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $111.18.

In related news, Chairman Richard K. Templeton sold 475,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $117.38, for a total value of $55,755,500.00. Following the sale, the chairman now directly owns 930,287 shares of the company’s stock, valued at approximately $109,197,088.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Niels Anderskouv sold 53,075 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $116.86, for a total transaction of $6,202,344.50. Following the completion of the sale, the vice president now directly owns 138,317 shares in the company, valued at $16,163,724.62. The disclosure for this sale can be found here. Insiders sold a total of 879,332 shares of company stock worth $103,024,864 over the last three months. 0.89% of the stock is currently owned by corporate insiders.

Shares of NASDAQ TXN traded down $1.10 during mid-day trading on Friday, hitting $114.76. 3,608,227 shares of the company’s stock traded hands, compared to its average volume of 5,315,460. The business has a 50-day moving average of $109.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. The company has a market capitalization of $109.15 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.21 and a beta of 1.24. Texas Instruments Incorporated has a 1 year low of $87.70 and a 1 year high of $119.32.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the prior year, the company earned $1.35 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

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.

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

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