Impax Asset Management Group plc Sells 35,985 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Impax Asset Management Group plc lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,123,688 shares of the semiconductor company's stock after selling 35,985 shares during the quarter. Texas Instruments makes up approximately 1.2% of Impax Asset Management Group plc's portfolio, making the stock its 24th largest holding. Impax Asset Management Group plc owned 0.12% of Texas Instruments worth $201,927,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Gerber Kawasaki Wealth & Investment Management lifted its stake in Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after acquiring an additional 56 shares during the last quarter. Voya Financial Advisors Inc. lifted its stake in Texas Instruments by 1.6% in the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after acquiring an additional 58 shares during the last quarter. Dunhill Financial LLC lifted its stake in Texas Instruments by 3.7% in the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after acquiring an additional 61 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in Texas Instruments by 3.7% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after acquiring an additional 62 shares during the last quarter. Finally, Main Street Research LLC lifted its stake in Texas Instruments by 3.1% in the fourth quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company's stock valued at $396,000 after acquiring an additional 63 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Texas Instruments stock traded down $0.03 on Friday, hitting $215.57. The company's stock had a trading volume of 2,561,140 shares, compared to its average volume of 6,442,888. The firm has a market cap of $195.83 billion, a P/E ratio of 40.90, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average price of $188.48 and a 200-day moving average price of $183.28. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.52%. Texas Instruments's dividend payout ratio is presently 103.23%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TXN. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Arete began coverage on shares of Texas Instruments in a research note on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price objective for the company. Cowen restated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Citigroup boosted their price objective on shares of Texas Instruments from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Finally, Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $191.49.

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.