Legacy Advisors LLC Trims Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Legacy Advisors LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 13,098 shares of the semiconductor company's stock after selling 2,454 shares during the period. Legacy Advisors LLC's holdings in Texas Instruments were worth $2,354,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TXN. Mizuho Securities USA LLC boosted its position in Texas Instruments by 46.0% during the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock valued at $16,212,000 after purchasing an additional 27,251 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Texas Instruments by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company's stock worth $67,276,000 after acquiring an additional 7,500 shares in the last quarter. Brighton Jones LLC boosted its stake in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares in the last quarter. JARISLOWSKY FRASER Ltd grew its holdings in Texas Instruments by 7.4% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after purchasing an additional 165 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Texas Instruments by 6.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 61,480 shares of the semiconductor company's stock worth $11,528,000 after purchasing an additional 3,891 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Morgan Stanley reissued an "underweight" rating and set a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Wells Fargo & Company set a $190.00 price target on shares of Texas Instruments and gave the stock an "equal weight" rating in a report on Monday, June 16th. Benchmark dropped their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and a consensus target price of $190.55.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded up $4.42 on Tuesday, hitting $205.81. 7,580,558 shares of the company were exchanged, compared to its average volume of 6,385,663. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. 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 $186.97 billion, a price-to-earnings ratio of 39.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. The company has a 50-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 issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the prior year, the business earned $1.10 EPS. The firm's quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.64%. Texas Instruments's payout ratio is 103.23%.

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.