Milestone Asset Management LLC Decreases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Milestone Asset Management LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 85.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,875 shares of the semiconductor company's stock after selling 16,550 shares during the period. Milestone Asset Management LLC's holdings in Texas Instruments were worth $517,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TXN. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter worth $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 purchased a new position in Texas Instruments in the fourth quarter worth about $28,000. Finally, Copia Wealth Management purchased a new position in Texas Instruments in the fourth quarter worth about $30,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN stock traded up $2.64 during mid-day trading on Wednesday, reaching $190.72. The company's stock had a trading volume of 5,778,967 shares, compared to its average volume of 6,337,593. The stock has a market cap of $173.26 billion, a PE ratio of 36.75, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company's 50 day moving average is $168.08 and its two-hundred day moving average is $182.28.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business's revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors 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 2.85%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TXN shares. Wells Fargo & Company reduced their price target on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Truist Financial lowered their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, April 24th. TD Securities restated a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Finally, Cantor Fitzgerald cut their target price on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus price target of $189.41.

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.