Envestnet Portfolio Solutions Inc. Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Envestnet Portfolio Solutions Inc. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,545 shares of the semiconductor company's stock after selling 10,013 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Texas Instruments were worth $8,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $2,584,490,000. GAMMA Investing LLC boosted 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 buying an additional 3,406,386 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Invesco Ltd. increased its stake in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Texas Instruments in the 4th quarter worth $295,665,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Down 0.1%

TXN stock traded down $0.15 during midday trading on Friday, hitting $198.20. The company's stock had a trading volume of 12,890,749 shares, compared to its average volume of 6,388,167. The firm has a 50-day simple moving average of $176.97 and a 200-day simple moving average of $182.00. The firm has a market capitalization of $180.06 billion, a P/E ratio of 37.61, a PEG ratio of 3.23 and a beta of 1.00. 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 Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

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 (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business posted $1.10 earnings per share. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company 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. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. Texas Instruments's payout ratio is 103.23%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TXN. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Rosenblatt Securities restated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Stifel Nicolaus decreased their price objective on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $190.55.

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.