Bank Pictet & Cie Europe AG lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,130 shares of the semiconductor company's stock after selling 18,220 shares during the period. Bank Pictet & Cie Europe AG's holdings in Texas Instruments were worth $21,587,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Promus Capital LLC bought a new position in Texas Instruments during the 4th quarter worth $25,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the 4th quarter worth about $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments in the 4th quarter worth about $30,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in Texas Instruments in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 84.99% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on TXN. KeyCorp dropped their price target on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a report on Friday, April 25th. Citigroup lifted their target price on Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Stifel Nicolaus cut their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $190.55.
Check Out Our Latest Research Report on TXN
Texas Instruments Trading Up 2.2%
Shares of NASDAQ:TXN traded up $4.22 during midday trading on Monday, reaching $199.22. The company had a trading volume of 5,863,234 shares, compared to its average volume of 6,376,664. The company has a fifty day simple moving average of $172.92 and a two-hundred day simple moving average of $181.91. The firm has a market cap of $180.99 billion, a price-to-earnings ratio of 38.39, a price-to-earnings-growth 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 debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm posted $1.10 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.73%. Texas Instruments's payout ratio is currently 103.23%.
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.
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