Chevy Chase Trust Holdings LLC Sells 1,365 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Chevy Chase Trust Holdings LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 481,414 shares of the semiconductor company's stock after selling 1,365 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Texas Instruments worth $86,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Promus Capital LLC acquired a new position in Texas Instruments in the fourth quarter valued at $25,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth approximately $28,000. Copia Wealth Management bought a new stake in Texas Instruments in the fourth quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in Texas Instruments in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $4.42 during trading hours on Tuesday, reaching $205.81. 7,583,205 shares of the stock traded hands, compared to its average volume of 6,385,665. The company's 50-day simple moving average is $177.98 and its two-hundred day simple moving average is $181.98. The company has a market capitalization of $186.97 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. 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, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.64%. Texas Instruments's payout ratio is currently 103.23%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. TD Securities restated a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, KeyCorp reduced their price objective 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. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $190.55.

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.