Impax Asset Management Group plc Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Impax Asset Management Group plc decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,123,688 shares of the semiconductor company's stock after selling 35,985 shares during the quarter. Texas Instruments accounts for 1.2% of Impax Asset Management Group plc's portfolio, making the stock its 24th largest position. Impax Asset Management Group plc owned about 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 made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management boosted its holdings 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 worth $598,000 after purchasing an additional 56 shares during the last quarter. Voya Financial Advisors Inc. boosted its holdings 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 worth $686,000 after purchasing an additional 58 shares during the last quarter. Dunhill Financial LLC boosted its holdings in Texas Instruments by 3.7% in the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 61 shares during the last quarter. Prestige Wealth Management Group LLC boosted its holdings 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 worth $327,000 after purchasing an additional 62 shares during the last quarter. Finally, Main Street Research LLC boosted its holdings 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 worth $396,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

NASDAQ TXN traded down $0.03 on Friday, reaching $215.57. The company had a trading volume of 2,561,140 shares, compared to its average volume of 6,442,888. 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 stock has a market capitalization of $195.83 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The firm's 50 day moving average price is $188.48 and its 200 day moving average price is $183.28. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month 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 analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for 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%. Texas Instruments's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current 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 issued a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.52%. Texas Instruments's dividend payout ratio is currently 103.23%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TXN shares. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Cowen reiterated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research note on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.