Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,909 shares of the semiconductor company's stock after selling 2,856 shares during the period. Miller Howard Investments Inc. NY's holdings in Texas Instruments were worth $32,689,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $2,584,490,000. GAMMA Investing LLC raised its position in shares of Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after purchasing an additional 3,406,386 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares in the last quarter. Invesco Ltd. boosted its stake in Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Texas Instruments in the 4th quarter worth approximately $295,665,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analysts Set New Price Targets

TXN has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Morgan Stanley reissued an "underweight" rating and issued a $148.00 target price (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Benchmark dropped their price target 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. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Arete started coverage on shares of Texas Instruments in a report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price target on the stock. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and an average price target of $191.49.

Texas Instruments Trading Down 0.0%

Texas Instruments stock traded down $0.03 during midday trading on Friday, reaching $215.57. 2,561,140 shares of the stock traded hands, compared to its average volume of 6,442,888. The company has a 50-day simple moving average of $188.48 and a two-hundred day simple moving average of $183.28. The firm has a market cap of $195.83 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. 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 12-month low of $139.95 and a 12-month 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.52%. Texas Instruments's dividend payout ratio is presently 103.23%.

Texas Instruments Company 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.