Asset Dedication LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,408 shares of the semiconductor company's stock after selling 1,331 shares during the quarter. Asset Dedication LLC's holdings in Texas Instruments were worth $2,769,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter valued at about $27,000. Cloud Capital Management LLC bought a new position in shares of Texas Instruments during the first quarter worth about $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments during the fourth quarter worth about $30,000. Quintet Private Bank Europe S.A. bought a new position in shares of Texas Instruments during the first quarter worth about $34,000. Finally, Atala Financial Inc bought a new position in shares of Texas Instruments during the fourth quarter worth about $37,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Trading Up 0.7%
NASDAQ:TXN opened at $221.25 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The firm has a 50-day moving average of $194.11 and a 200-day moving average of $184.26. The company has a market cap of $201.00 billion, a PE ratio of 41.98, a PEG ratio of 3.60 and a beta of 1.03. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. UBS Group raised their price objective on Texas Instruments from $215.00 to $245.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Citigroup raised their price objective on Texas Instruments from $220.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. 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. Arete assumed coverage on Texas Instruments in a research report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price objective for the company. Finally, Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average price target of $202.08.
View Our Latest Research Report on TXN
About Texas Instruments
(
Free Report)
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.
Further Reading
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