Handelsbanken Fonder AB Has $69.78 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Handelsbanken Fonder AB trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 388,335 shares of the semiconductor company's stock after selling 19,473 shares during the quarter. Handelsbanken Fonder AB's holdings in Texas Instruments were worth $69,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Promus Capital LLC acquired a new position in Texas Instruments during the fourth quarter worth $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments in the fourth quarter worth $30,000. Finally, Atala Financial Inc acquired a new stake in shares of Texas Instruments in the fourth quarter worth $37,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on TXN shares. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a report on Monday, April 7th. UBS Group lowered their price target on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Mizuho set a $170.00 price objective on Texas Instruments in a research report on Thursday, April 24th. Stifel Nicolaus reduced their price objective on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $189.86.

Texas Instruments Price Performance

NASDAQ:TXN traded down $4.66 during mid-day trading on Friday, hitting $195.00. The company's stock had a trading volume of 5,138,164 shares, compared to its average volume of 6,367,122. The company has a market capitalization of $177.15 billion, a price-to-earnings ratio of 37.57, a P/E/G ratio of 3.30 and a beta of 1.00. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The stock has a fifty day moving average of $172.92 and a 200-day moving average of $182.15.

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, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. 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 2.79%. Texas Instruments's dividend payout ratio (DPR) is presently 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.