Bridges Investment Management Inc. Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bridges Investment Management Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 33,018 shares of the semiconductor company's stock after selling 4,380 shares during the period. Bridges Investment Management Inc.'s holdings in Texas Instruments were worth $5,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC boosted its stake in shares of Texas Instruments by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock valued at $16,212,000 after purchasing an additional 27,251 shares in the last quarter. Brighton Jones LLC lifted its stake in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after purchasing an additional 4,218 shares during the last quarter. JARISLOWSKY FRASER Ltd boosted its position in Texas Instruments by 7.4% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock valued at $448,000 after buying an additional 165 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Texas Instruments by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock worth $89,050,000 after buying an additional 11,057 shares during the period. Finally, GAMMA Investing LLC lifted its position in Texas Instruments by 21.8% in the first quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock valued at $3,422,000 after purchasing an additional 3,402 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 1.6%

Shares of Texas Instruments stock traded up $3.41 on Thursday, reaching $219.80. The company's stock had a trading volume of 2,123,403 shares, compared to its average volume of 6,438,803. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.75. The firm's fifty day simple moving average is $191.75 and its two-hundred day simple moving average is $183.91. 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 company has a market capitalization of $199.68 billion, a price-to-earnings ratio of 41.75, a P/E/G ratio of 3.53 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data 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 return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.48%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TXN shares. KeyCorp increased their price objective on Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday. Morgan Stanley restated an "underweight" rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Mizuho upped their target price on Texas Instruments from $170.00 to $205.00 and gave the stock a "neutral" rating in a report on Tuesday. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research report on Friday, April 25th. Finally, Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $200.20.

Texas Instruments 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.