Conning Inc. Sells 8,476 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Conning Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,568 shares of the semiconductor company's stock after selling 8,476 shares during the quarter. Conning Inc.'s holdings in Texas Instruments were worth $33,347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXN. Promus Capital LLC bought a new position in Texas Instruments in the fourth quarter worth $25,000. Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter worth $27,000. Copia Wealth Management purchased a new stake in shares of Texas Instruments in the fourth quarter worth $30,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Texas Instruments in the 1st quarter worth about $34,000. Finally, Atala Financial Inc purchased a new position in shares of Texas Instruments in the 4th quarter worth about $37,000. Institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Cantor Fitzgerald cut their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus cut their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. KeyCorp dropped their price objective on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Mizuho set a $170.00 price objective on Texas Instruments in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $191.49.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $0.03 during trading on Friday, hitting $215.57. The company had a trading volume of 2,561,140 shares, compared to its average volume of 6,428,669. The stock has a 50 day simple moving average of $187.43 and a 200 day simple moving average of $183.10. 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 12 month low of $139.95 and a 12 month high of $220.39. The firm has a market capitalization of $195.83 billion, a P/E ratio of 40.99, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03.

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

Texas Instruments Announces Dividend

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

Texas Instruments Company 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.