Alpha Cubed Investments LLC Sells 6,350 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Alpha Cubed Investments LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,027 shares of the semiconductor company's stock after selling 6,350 shares during the quarter. Alpha Cubed Investments LLC's holdings in Texas Instruments were worth $16,717,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TXN. Summit Securities Group LLC acquired a new position in Texas Instruments in the 4th quarter valued at $27,000. Cloud Capital Management LLC acquired a new position in Texas Instruments in the 1st quarter valued at $28,000. Copia Wealth Management acquired a new position in Texas Instruments in the 4th quarter valued at $30,000. Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments in the 1st quarter worth $34,000. Finally, Atala Financial Inc acquired a new stake in Texas Instruments in the 4th quarter worth $37,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Mizuho set a $170.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Truist Financial decreased their price target on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, TD Securities restated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $194.41.

Texas Instruments Price Performance

TXN stock traded down $2.61 during trading on Monday, hitting $213.41. 5,220,687 shares of the stock traded hands, compared to its average volume of 6,437,998. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The stock has a market cap of $193.88 billion, a price-to-earnings ratio of 40.50, a P/E/G ratio of 3.52 and a beta of 1.03. The company has a 50 day simple moving average of $188.48 and a 200 day simple moving average of $183.27. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The company's revenue was up 11.1% on a year-over-year basis. Equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

Texas Instruments Profile

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.