Gateway Investment Advisers LLC Sells 3,508 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Gateway Investment Advisers LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 214,111 shares of the semiconductor company's stock after selling 3,508 shares during the period. Gateway Investment Advisers LLC's holdings in Texas Instruments were worth $38,476,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Stokes Capital Advisors LLC raised its position in Texas Instruments by 3.0% in the first quarter. Stokes Capital Advisors LLC now owns 43,760 shares of the semiconductor company's stock valued at $7,864,000 after purchasing an additional 1,264 shares during the last quarter. McNamara Financial Services Inc. bought a new stake in Texas Instruments during the 1st quarter worth approximately $350,000. Procyon Advisors LLC increased its position in Texas Instruments by 18.0% in the 1st quarter. Procyon Advisors LLC now owns 15,502 shares of the semiconductor company's stock valued at $2,687,000 after acquiring an additional 2,369 shares during the period. Avity Investment Management Inc. increased its position in Texas Instruments by 1.1% in the 1st quarter. Avity Investment Management Inc. now owns 201,024 shares of the semiconductor company's stock valued at $36,124,000 after acquiring an additional 2,102 shares during the period. Finally, Curat Global LLC bought a new position in shares of Texas Instruments during the first quarter valued at $828,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXN has been the topic of several analyst reports. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Stifel Nicolaus cut their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a research note on Monday, April 7th. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Truist Financial dropped their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $189.41.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $192.42 on Friday. The stock's 50 day moving average is $168.87 and its 200-day moving average is $182.16. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $174.81 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders 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 dividend on an annualized basis and a yield of 2.83%. Texas Instruments's dividend payout ratio (DPR) is currently 103.23%.

About Texas Instruments

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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