Bessemer Group Inc. Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Bessemer Group Inc. reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,336 shares of the semiconductor company's stock after selling 46,181 shares during the period. Bessemer Group Inc. owned approximately 0.06% of Texas Instruments worth $96,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $25,000. Summit Securities Group LLC acquired 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 valued at about $28,000. Copia Wealth Management purchased a new stake in Texas Instruments during the 4th quarter valued at about $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments in the first quarter valued at about $34,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stifel Nicolaus decreased their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. TD Securities reissued a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Citigroup upped their price objective on shares of Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a report on Monday, June 9th. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average price target of $190.96.

Texas Instruments Trading Down 0.2%

Shares of NASDAQ:TXN opened at $205.38 on Thursday. The business's 50 day moving average price is $180.24 and its 200-day moving average price is $182.31. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The firm has a market capitalization of $186.58 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 3.35 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $3.91 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.65%. Texas Instruments's dividend payout ratio (DPR) 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.

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