Colonial River Investments LLC Sells 1,588 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Colonial River Investments LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 55.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,301 shares of the semiconductor company's stock after selling 1,588 shares during the quarter. Colonial River Investments LLC's holdings in Texas Instruments were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TXN. Brighton Jones LLC raised its holdings in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after purchasing an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after purchasing an additional 17,840 shares during the period. Verus Capital Partners LLC raised its holdings in shares of Texas Instruments by 5.3% in the 4th quarter. Verus Capital Partners LLC now owns 1,478 shares of the semiconductor company's stock worth $277,000 after purchasing an additional 75 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Texas Instruments by 3.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,480 shares of the semiconductor company's stock worth $653,000 after purchasing an additional 110 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $2,517,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

TXN traded up $0.77 during trading on Friday, reaching $207.08. The stock had a trading volume of 8,584,775 shares, compared to its average volume of 6,415,236. The stock has a market cap of $188.13 billion, a PE ratio of 39.29, a PEG ratio of 3.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The business has a 50-day moving average of $182.58 and a 200-day moving average of $182.45.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.63%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

Analyst Ratings Changes

TXN has been the subject of a number of recent research reports. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a research note on Monday, April 7th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Arete initiated coverage on shares of Texas Instruments in a research note on Thursday. They issued a "neutral" rating and a $203.80 price objective for the company. Finally, Cantor Fitzgerald reduced their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, sixteen 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, Texas Instruments presently has a consensus rating of "Hold" and a consensus price target of $191.49.

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.