Legacy Private Trust Co. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,900 shares of the semiconductor company's stock after selling 4,185 shares during the period. Legacy Private Trust Co.'s holdings in Texas Instruments were worth $3,396,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Promus Capital LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth about $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments in the fourth quarter worth about $26,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth about $28,000. Finally, Copia Wealth Management purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 84.99% of the company's stock.
Texas Instruments Trading Up 1.8%
NASDAQ:TXN traded up $3.40 on Tuesday, hitting $187.61. The stock had a trading volume of 1,307,036 shares, compared to its average volume of 6,314,439. The company has a fifty day moving average price of $167.94 and a two-hundred day moving average price of $182.24. The stock has a market cap of $170.44 billion, a price-to-earnings ratio of 36.15, a PEG ratio of 3.30 and a beta of 0.97. 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 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.
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, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business's revenue was up 11.1% on a year-over-year basis. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal 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 issued 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 dividend yield of 2.90%. Texas Instruments's dividend payout ratio is presently 103.23%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on TXN. Cantor Fitzgerald decreased their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Benchmark cut their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and an average target price of $189.41.
Check Out Our Latest Report on Texas Instruments
About Texas Instruments
(
Free Report)
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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