Cutler Investment Counsel LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,746 shares of the semiconductor company's stock after selling 1,993 shares during the period. Texas Instruments comprises 1.3% of Cutler Investment Counsel LLC's portfolio, making the stock its 28th largest position. Cutler Investment Counsel LLC's holdings in Texas Instruments were worth $10,736,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in TXN. Cloud Capital Management LLC acquired a new stake in Texas Instruments in the 1st quarter valued at approximately $28,000. Copia Wealth Management acquired a new stake in Texas Instruments in the 4th quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments in the 1st quarter valued at approximately $34,000. Park Square Financial Group LLC acquired a new stake in Texas Instruments in the 4th quarter valued at approximately $41,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Texas Instruments in the 1st quarter valued at approximately $42,000. Institutional investors own 84.99% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on TXN shares. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Mizuho dropped their price objective on Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Cowen reissued a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Finally, Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $212.21.
Get Our Latest Analysis on Texas Instruments
Texas Instruments Trading Down 0.1%
NASDAQ:TXN traded down $0.20 during trading hours on Friday, hitting $180.86. 6,622,415 shares of the stock were exchanged, compared to its average volume of 7,408,316. The company's 50 day moving average is $200.47 and its two-hundred day moving average is $185.42. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $164.43 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 3.11 and a beta of 1.03.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.
Texas Instruments Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 99.63%.
Texas Instruments Profile
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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.
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