Kanawha Capital Management LLC Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Kanawha Capital Management LLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 32.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,067 shares of the semiconductor company's stock after selling 6,885 shares during the quarter. Kanawha Capital Management LLC's holdings in Texas Instruments were worth $2,528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after buying an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG raised its position in Texas Instruments by 14.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the fourth quarter valued at $28,000. Modera Wealth Management LLC lifted its stake in shares of Texas Instruments by 3.6% in the 4th quarter. Modera Wealth Management LLC now owns 9,188 shares of the semiconductor company's stock valued at $1,723,000 after purchasing an additional 320 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Texas Instruments by 39.4% during the 4th quarter. Jones Financial Companies Lllp now owns 60,611 shares of the semiconductor company's stock worth $11,365,000 after purchasing an additional 17,141 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 2.4%

NASDAQ:TXN traded up $5.14 during midday trading on Wednesday, hitting $215.59. 5,532,067 shares of the company were exchanged, compared to its average volume of 6,419,237. The company has a fifty day simple moving average of $185.09 and a 200 day simple moving average of $182.69. The company has a market capitalization of $195.86 billion, a PE ratio of 40.91, a price-to-earnings-growth ratio of 3.38 and a beta of 1.03. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week 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.

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

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid 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 2.52%. Texas Instruments's dividend payout ratio is presently 103.23%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Stifel Nicolaus lowered their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company set a $190.00 price target on Texas Instruments and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $191.49.

Texas Instruments Company 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.