Bridges Investment Management Inc. Sells 4,380 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Bridges Investment Management Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.7% during the first quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Texas Instruments by 33.4% in the 4th 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 in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Texas Instruments by 69.0% in the fourth quarter. Proficio Capital Partners LLC now owns 3,834 shares of the semiconductor company's stock worth $719,000 after acquiring an additional 1,566 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Instruments by 9.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 203,792 shares of the semiconductor company's stock worth $38,213,000 after acquiring an additional 17,110 shares during the last quarter. Finally, Independent Advisor Alliance lifted its holdings in shares of Texas Instruments by 21.8% in the 4th quarter. Independent Advisor Alliance now owns 25,452 shares of the semiconductor company's stock worth $4,773,000 after acquiring an additional 4,548 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Down 0.1%

Shares of NASDAQ:TXN traded down $0.24 during trading on Wednesday, reaching $216.39. The stock had a trading volume of 5,229,706 shares, compared to its average volume of 6,455,631. The firm's fifty day moving average is $190.62 and its 200 day moving average is $183.68. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The stock has a market cap of $196.58 billion, a price-to-earnings ratio of 41.06, a P/E/G ratio of 3.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $3.91 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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 $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TXN. Benchmark dropped their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Mizuho upped their price objective on Texas Instruments from $170.00 to $205.00 and gave the stock a "neutral" rating in a research report on Tuesday. TD Securities reissued a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Truist Financial decreased their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has an average rating of "Hold" and a consensus target price of $196.91.

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.