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

Bridges Investment Management Inc. decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.7% during the first quarter, according to its most recent disclosure 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 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Summit Securities Group LLC purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $27,000. Cloud Capital Management LLC purchased a new stake in Texas Instruments in the first quarter valued at approximately $28,000. Copia Wealth Management purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments in the first quarter valued at approximately $34,000. Finally, Atala Financial Inc purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of TXN traded up $0.03 during trading hours on Friday, hitting $219.69. 521,619 shares of the stock were exchanged, compared to its average volume of 6,430,039. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The stock's 50-day moving average price is $192.98 and its two-hundred day moving average price is $184.11. The company has a market cap of $199.58 billion, a price-to-earnings ratio of 41.72, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.87.

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, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is currently 103.23%.

Analyst Ratings Changes

A number of brokerages have issued reports on TXN. JPMorgan Chase & Co. decreased their price target on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Rosenblatt Securities reissued a "buy" rating and issued a $216.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. TD Securities reissued a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Benchmark decreased their price target on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Texas Instruments has an average rating of "Hold" and an average price target of $202.08.

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.