Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Fiduciary Alliance LLC

Fiduciary Alliance LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,724 shares of the semiconductor company's stock after selling 4,077 shares during the period. Fiduciary Alliance LLC's holdings in Texas Instruments were worth $5,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Czech National Bank lifted its stake in Texas Instruments by 5.7% during the 1st quarter. Czech National Bank now owns 209,089 shares of the semiconductor company's stock worth $37,573,000 after acquiring an additional 11,302 shares in the last quarter. Mechanics Bank Trust Department grew its position in Texas Instruments by 6.2% in the 1st quarter. Mechanics Bank Trust Department now owns 5,175 shares of the semiconductor company's stock valued at $930,000 after acquiring an additional 300 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Texas Instruments by 6.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 25,330 shares of the semiconductor company's stock worth $4,552,000 after purchasing an additional 1,445 shares during the period. Investors Research Corp lifted its position in shares of Texas Instruments by 10.3% during the first quarter. Investors Research Corp now owns 965 shares of the semiconductor company's stock worth $173,000 after purchasing an additional 90 shares in the last quarter. Finally, St. Louis Financial Planners Asset Management LLC boosted its stake in shares of Texas Instruments by 30.5% in the first quarter. St. Louis Financial Planners Asset Management LLC now owns 13,976 shares of the semiconductor company's stock valued at $2,512,000 after purchasing an additional 3,263 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXN has been the topic of several recent research reports. Stifel Nicolaus cut their target price on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective on the stock in a research report on Friday, April 25th. Cantor Fitzgerald reduced their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research note on Monday, April 7th. Finally, Benchmark reduced their target price on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus target price of $189.41.

Texas Instruments Stock Performance

NASDAQ TXN traded up $3.87 on Tuesday, reaching $188.08. The stock had a trading volume of 5,610,120 shares, compared to its average volume of 6,331,110. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a market cap of $170.87 billion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The business's 50-day moving average price is $167.94 and its 200 day moving average price is $182.24. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts expect 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. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.89%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

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.