Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 24,664 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 51.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,980 shares of the semiconductor company's stock after selling 24,664 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Texas Instruments were worth $4,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Promus Capital LLC acquired a new stake in Texas Instruments in the fourth quarter worth $25,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $30,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in Texas Instruments in the 1st quarter valued at about $34,000. Institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TXN. Truist Financial cut their price target on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Citigroup upped their target price on Texas Instruments from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target for the company in a research report on Friday, April 25th. Arete Research upgraded Texas Instruments to a "hold" rating in a research note on Thursday. Finally, Mizuho set a $170.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $191.49.

Texas Instruments Stock Up 0.5%

Texas Instruments stock opened at $206.31 on Friday. The firm has a 50 day simple moving average of $181.40 and a 200 day simple moving average of $182.40. 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 Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The firm has a market capitalization of $187.43 billion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 3.34 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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 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 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company 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. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is 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.

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