Bridges Investment Management Inc. Lowers Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Bridges Investment Management Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,018 shares of the semiconductor company's stock after selling 4,380 shares during the quarter. 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 have also added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $27,000. Cloud Capital Management LLC bought a new stake in Texas Instruments during the first quarter worth about $28,000. Copia Wealth Management bought a new stake in Texas Instruments during the fourth quarter worth about $30,000. Quintet Private Bank Europe S.A. bought a new stake in Texas Instruments during the first quarter worth about $34,000. Finally, Atala Financial Inc bought a new stake in Texas Instruments during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. 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. JPMorgan Chase & Co. dropped their target price on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Stifel Nicolaus dropped their price objective on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group initiated coverage on Texas Instruments in a research note on Thursday. They issued a "buy" rating and a $255.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $202.08.

Texas Instruments Stock Performance

NASDAQ TXN traded up $1.59 on Friday, hitting $221.25. 5,394,922 shares of the company traded hands, compared to its average volume of 6,452,512. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The business's 50 day moving average price is $192.98 and its 200-day moving average price is $184.11. The company has a market capitalization of $201.00 billion, a price-to-earnings ratio of 41.98, a P/E/G ratio of 3.58 and a beta of 1.03. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.68.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The business's revenue was up 11.1% compared to the same quarter last year. Equities analysts expect 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 paid a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.46%. Texas Instruments's dividend payout ratio is 103.23%.

About Texas Instruments

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.