GSA Capital Partners LLP Trims Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

GSA Capital Partners LLP reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 59.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,025 shares of the semiconductor company's stock after selling 4,434 shares during the quarter. GSA Capital Partners LLP's holdings in Texas Instruments were worth $544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TXN. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at $28,000. Copia Wealth Management purchased a new position in Texas Instruments during the fourth quarter worth about $30,000. Quintet Private Bank Europe S.A. purchased a new position in Texas Instruments during the first quarter worth about $34,000. Park Square Financial Group LLC purchased a new position in Texas Instruments during the fourth quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Texas Instruments during the first quarter worth about $42,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN stock opened at $182.73 on Tuesday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The stock has a 50-day simple moving average of $200.69 and a 200-day simple moving average of $185.17. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The firm has a market cap of $166.13 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 2.97 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share 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 analyst estimates of $4.31 billion. During the same quarter last year, the firm earned $1.17 EPS. Texas Instruments's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 99.63%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TXN. Benchmark increased their target price on Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their target price on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Finally, Mizuho reduced their target price on Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $212.21.

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.

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