Beacon Investment Advisory Services Inc. Sells 1,607 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Beacon Investment Advisory Services Inc. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 20.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,145 shares of the semiconductor company's stock after selling 1,607 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Texas Instruments were worth $1,104,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TXN. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after acquiring an additional 56 shares in the last quarter. Voya Financial Advisors Inc. raised its position in shares of Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after acquiring an additional 58 shares in the last quarter. Dunhill Financial LLC raised its position in shares of Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after acquiring an additional 61 shares in the last quarter. Prestige Wealth Management Group LLC increased its position in Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after buying an additional 62 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in Texas Instruments by 2.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock valued at $577,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Benchmark boosted their price objective on Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday. Summit Insights lowered Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Arete began coverage on Texas Instruments in a report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price objective for the company. Finally, Arete Research raised Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $209.20.

Texas Instruments Stock Performance

Texas Instruments stock traded down $0.56 during trading on Thursday, hitting $185.69. The stock had a trading volume of 9,036,559 shares, compared to its average volume of 7,393,341. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The stock's 50 day moving average is $200.41 and its two-hundred day moving average is $185.61. The stock has a market cap of $168.69 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 29.90% and a net margin of 30.23%. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. Texas Instruments's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is presently 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.