Assenagon Asset Management S.A. Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Assenagon Asset Management S.A. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 66.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,612,120 shares of the semiconductor company's stock after selling 3,182,526 shares during the quarter. Texas Instruments accounts for approximately 0.5% of Assenagon Asset Management S.A.'s holdings, making the stock its 28th biggest holding. Assenagon Asset Management S.A. owned 0.18% of Texas Instruments worth $289,698,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Promus Capital LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments during the 4th quarter worth about $28,000. Copia Wealth Management purchased a new stake in Texas Instruments during the 4th quarter worth about $30,000. Finally, Atala Financial Inc purchased a new stake in Texas Instruments during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TXN shares. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a research report on Friday, April 25th. Cantor Fitzgerald dropped their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Argus upgraded Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group dropped their price objective on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $189.86.

Texas Instruments Trading Down 2.3%

Shares of NASDAQ TXN traded down $4.66 during midday trading on Friday, hitting $195.00. The stock had a trading volume of 5,138,164 shares, compared to its average volume of 6,378,731. The company has a market capitalization of $177.15 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 3.30 and a beta of 1.00. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $172.92 and a 200 day moving average price of $182.15.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. On average, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.79%. Texas Instruments's payout ratio is currently 103.23%.

Texas Instruments Company 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.