Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,108 shares of the semiconductor company's stock after selling 2,041 shares during the period. Brown Advisory Inc.'s holdings in Texas Instruments were worth $11,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Texas Instruments in the fourth quarter worth $2,584,490,000. GAMMA Investing LLC raised its holdings in shares of Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after buying an additional 3,406,386 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the last quarter. Northern Trust Corp raised its holdings in Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after purchasing an additional 1,132,187 shares in the last quarter. Finally, Capital International Investors raised its holdings in Texas Instruments by 26.3% during the fourth quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock worth $974,054,000 after purchasing an additional 1,080,782 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Up 0.7%

Shares of TXN traded up $1.59 during midday trading on Friday, hitting $221.25. The company had a trading volume of 5,394,922 shares, compared to its average volume of 6,463,632. The company's 50 day moving average price is $194.11 and its 200 day moving average price is $184.26. The stock has a market cap of $201.00 billion, a price-to-earnings ratio of 41.98, a PEG ratio of 3.60 and a beta of 1.03. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping 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 previous year, the firm earned $1.10 EPS. The company's revenue was up 11.1% on a year-over-year basis. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Arete Research raised shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. KeyCorp upped their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, UBS Group upped their target price on shares of Texas Instruments from $215.00 to $245.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $202.08.

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.