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Buffington Mohr McNeal Sells 3,842 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Texas Instruments logo with Computer and Technology background

Buffington Mohr McNeal trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 53.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,320 shares of the semiconductor company's stock after selling 3,842 shares during the quarter. Buffington Mohr McNeal's holdings in Texas Instruments were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Texas Instruments during the fourth quarter worth about $2,584,490,000. GAMMA Investing LLC lifted its stake in Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after purchasing an additional 3,406,386 shares during the last quarter. Invesco Ltd. lifted its stake in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Texas Instruments during the fourth quarter worth about $295,665,000. Finally, Amundi lifted its stake in Texas Instruments by 23.4% during the fourth quarter. Amundi now owns 6,650,490 shares of the semiconductor company's stock worth $1,274,633,000 after purchasing an additional 1,262,365 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.0%

Shares of TXN stock traded down $0.03 during midday trading on Thursday, reaching $215.57. 2,561,140 shares of the stock were exchanged, compared to its average volume of 6,428,669. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company's 50 day moving average is $186.36 and its two-hundred day moving average is $182.92. 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 firm has a market cap of $195.83 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 3.51 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The business's revenue for the quarter 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.52%. Texas Instruments's payout ratio is currently 103.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Argus raised Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research note on Monday, April 7th. KeyCorp lowered their target price on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Arete Research raised Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $191.49.

Get Our Latest Research Report on TXN

About Texas Instruments

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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