Invesco LLC Has $2.04 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Invesco LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,334 shares of the semiconductor company's stock after selling 1,852 shares during the period. Invesco LLC's holdings in Texas Instruments were worth $2,037,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in Texas Instruments during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $28,000. Copia Wealth Management purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments in the first quarter worth $34,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TXN shares. Rosenblatt Securities reissued a "buy" rating and issued a $216.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a report on Friday, April 25th. Finally, Morgan Stanley restated an "underweight" rating and issued a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Four 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $190.55.

Texas Instruments Stock Performance

Texas Instruments stock traded up $4.42 on Tuesday, hitting $205.81. The company's stock had a trading volume of 7,583,205 shares, compared to its average volume of 6,385,665. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The firm has a market cap of $186.97 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. 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 $177.98 and a 200-day moving average price of $181.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the company earned $1.10 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.64%. Texas Instruments's payout ratio 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.