Brown Advisory Inc. Sells 2,041 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Brown Advisory Inc. lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. China Universal Asset Management Co. Ltd. increased its position in Texas Instruments by 16.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 22,484 shares of the semiconductor company's stock worth $4,040,000 after buying an additional 3,117 shares during the last quarter. Gibraltar Capital Management Inc. acquired a new position in Texas Instruments during the first quarter worth approximately $3,504,000. Interchange Capital Partners LLC acquired a new position in Texas Instruments during the first quarter worth approximately $423,000. Callan Capital LLC increased its position in Texas Instruments by 13.3% during the first quarter. Callan Capital LLC now owns 4,065 shares of the semiconductor company's stock worth $730,000 after buying an additional 476 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in Texas Instruments by 87.0% during the first quarter. Hexagon Capital Partners LLC now owns 2,065 shares of the semiconductor company's stock worth $371,000 after buying an additional 961 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TXN shares. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research report on Friday, April 25th. 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. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Mizuho upped their target price on Texas Instruments from $170.00 to $205.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Morgan Stanley reaffirmed 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. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and an average target price of $200.20.

Texas Instruments Stock Up 1.5%

NASDAQ TXN opened at $219.66 on Friday. The business has a fifty day moving average price of $192.98 and a two-hundred day moving average price of $184.11. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.78. The stock has a market capitalization of $199.55 billion, a PE ratio of 41.68, a PEG ratio of 3.52 and a beta of 1.03.

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

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.