Bristol John W & Co. Inc. NY Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bristol John W & Co. Inc. NY trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569,918 shares of the semiconductor company's stock after selling 13,194 shares during the period. Texas Instruments comprises about 1.8% of Bristol John W & Co. Inc. NY's investment portfolio, making the stock its 26th largest position. Bristol John W & Co. Inc. NY owned about 0.06% of Texas Instruments worth $106,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blossom Wealth Management raised its position in shares of Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock worth $213,000 after purchasing an additional 55 shares during the period. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 56 shares during the period. OLD Second National Bank of Aurora raised its position in shares of Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after purchasing an additional 57 shares during the period. Voya Financial Advisors Inc. raised its position in shares of Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 58 shares during the period. Finally, Avitas Wealth Management LLC raised its position in shares of Texas Instruments by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock worth $2,032,000 after purchasing an additional 59 shares during the period. 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 have recently commented on TXN shares. Cantor Fitzgerald dropped their price target on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Mizuho set a $170.00 target price on Texas Instruments in a research report on Thursday, April 24th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $189.41.

Texas Instruments Stock Performance

TXN traded up $0.84 during trading on Thursday, hitting $184.99. The stock had a trading volume of 4,533,452 shares, compared to its average volume of 6,308,390. The company has a 50 day moving average price of $168.01 and a 200-day moving average price of $183.11. The firm has a market cap of $168.06 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly 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 business 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 28.08% and a net margin of 30.68%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.94%. Texas Instruments's dividend payout ratio is presently 103.23%.

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.