Mill Capital Management LLC Sells 1,600 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mill Capital Management LLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,500 shares of the semiconductor company's stock after selling 1,600 shares during the period. Mill Capital Management LLC's holdings in Texas Instruments were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TXN. Brighton Jones LLC boosted its holdings in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after purchasing an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after acquiring an additional 17,840 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Texas Instruments by 6.4% during the 4th quarter. Wealthspire Advisors LLC now owns 7,474 shares of the semiconductor company's stock worth $1,402,000 after acquiring an additional 452 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Texas Instruments during the 4th quarter valued at approximately $1,048,000. Finally, WealthShield Partners LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at $1,055,000. Institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TXN. Truist Financial decreased their price target on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Mizuho set a $170.00 target price on Texas Instruments in a report on Thursday, April 24th. Finally, Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $190.55.

Texas Instruments Stock Up 2.2%

Shares of NASDAQ:TXN opened at $205.81 on Wednesday. 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 business's 50 day moving average is $179.07 and its 200 day moving average is $182.15. The stock has a market cap of $186.97 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 3.28 and a beta of 1.00. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 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 firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. Sell-side analysts predict 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. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. Texas Instruments's dividend payout ratio is currently 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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