First Fiduciary Investment Counsel Inc. Sells 1,567 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

First Fiduciary Investment Counsel Inc. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,387 shares of the semiconductor company's stock after selling 1,567 shares during the period. Texas Instruments makes up 1.9% of First Fiduciary Investment Counsel Inc.'s holdings, making the stock its 24th biggest holding. First Fiduciary Investment Counsel Inc.'s holdings in Texas Instruments were worth $9,055,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Promus Capital LLC bought a new position in Texas Instruments during the fourth quarter worth $25,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments during the 4th quarter worth about $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments during the 4th quarter worth about $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments in the 1st quarter valued at about $34,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TXN shares. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Stifel Nicolaus lowered their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. TD Cowen lifted their price target on shares of Texas Instruments from $160.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, June 25th. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Finally, Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus target price of $191.49.

Texas Instruments Price Performance

TXN opened at $207.08 on Monday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The firm has a 50-day moving average of $182.58 and a 200 day moving average of $182.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The firm has a market cap of $188.13 billion, a P/E ratio of 39.29, a PEG ratio of 3.37 and a beta of 1.00.

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 for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. Texas Instruments's dividend payout ratio 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.

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