Intact Investment Management Inc. Sells 13,000 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Intact Investment Management Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 21.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,500 shares of the semiconductor company's stock after selling 13,000 shares during the quarter. Intact Investment Management Inc.'s holdings in Texas Instruments were worth $8,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TXN. Promus Capital LLC bought a new position in Texas Instruments during the fourth quarter worth $25,000. Summit Securities Group LLC bought a new stake in Texas Instruments in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments in the 4th quarter valued at $28,000. Copia Wealth Management bought a new stake in Texas Instruments in the 4th quarter valued at $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments in the 1st quarter valued at $34,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $198.20 on Friday. The stock has a market capitalization of $180.06 billion, a P/E ratio of 37.61, a P/E/G ratio of 3.23 and a beta of 1.00. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $176.97 and a two-hundred day moving average price of $182.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced 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. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. 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. 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 dividend on an annualized basis and a dividend yield of 2.74%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced 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 note on Thursday, April 24th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price on the stock in a research note on Friday, April 25th. Mizuho set a $170.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, KeyCorp reduced their target price on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $190.55.

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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