Neville Rodie & Shaw Inc. Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Neville Rodie & Shaw Inc. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,225 shares of the semiconductor company's stock after selling 2,045 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Texas Instruments were worth $1,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after buying an additional 4,218 shares during the period. PFG Investments LLC lifted its stake in Texas Instruments by 5.1% in the fourth quarter. PFG Investments LLC now owns 5,595 shares of the semiconductor company's stock valued at $1,049,000 after buying an additional 273 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Texas Instruments in the fourth quarter valued at approximately $6,544,000. Foundations Investment Advisors LLC lifted its stake in Texas Instruments by 11.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 7,196 shares of the semiconductor company's stock valued at $1,349,000 after buying an additional 723 shares during the period. Finally, Nilsine Partners LLC lifted its stake in Texas Instruments by 100.9% in the fourth quarter. Nilsine Partners LLC now owns 3,917 shares of the semiconductor company's stock valued at $734,000 after buying an additional 1,967 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TXN shares. KeyCorp dropped their price target on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Rosenblatt Securities reaffirmed a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price on the stock in a research report on Friday, April 25th. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $189.41.

Texas Instruments Stock Performance

NASDAQ TXN traded down $4.14 during trading on Friday, hitting $180.85. 15,099,736 shares of the company's stock traded hands, compared to its average volume of 6,347,945. The stock has a market capitalization of $164.30 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The business has a 50 day moving average of $167.94 and a 200-day moving average of $182.68.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for 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 company's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. As a group, equities research analysts anticipate 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 issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) 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.