Keybank National Association OH Sells 2,941 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Keybank National Association OH lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,112 shares of the semiconductor company's stock after selling 2,941 shares during the quarter. Keybank National Association OH's holdings in Texas Instruments were worth $20,686,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Promus Capital LLC purchased a new position in Texas Instruments during the 4th quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new position in Texas Instruments during the 4th quarter valued at approximately $27,000. Copia Wealth Management purchased a new position in Texas Instruments during the 4th quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. purchased a new position in Texas Instruments during the 1st quarter valued at approximately $34,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 0.0%

Shares of TXN stock traded down $0.03 on Friday, reaching $215.57. 2,561,140 shares of the company's stock were exchanged, compared to its average volume of 6,428,669. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 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. The stock has a market capitalization of $195.83 billion, a PE ratio of 40.90, a P/E/G ratio of 3.52 and a beta of 1.03. The company's fifty day simple moving average is $188.48 and its 200 day simple moving average is $183.29.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued 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. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company earned $1.10 EPS. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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

Wall Street Analysts Forecast Growth

TXN has been the subject of several research analyst reports. Rosenblatt Securities restated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Arete Research upgraded Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Morgan Stanley restated an "underweight" rating and set a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Mizuho set a $170.00 price target on Texas Instruments in a report on Thursday, April 24th. Finally, Citigroup lifted their target price on Texas Instruments from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Four investment 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 stock. According to data from MarketBeat, the company 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.