Resonant Capital Advisors LLC Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Resonant Capital Advisors LLC lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 68.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,699 shares of the semiconductor company's stock after selling 5,901 shares during the period. Resonant Capital Advisors LLC's holdings in Texas Instruments were worth $485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Teacher Retirement System of Texas lifted its position in Texas Instruments by 50.4% during the 1st quarter. Teacher Retirement System of Texas now owns 323,073 shares of the semiconductor company's stock worth $58,056,000 after acquiring an additional 108,203 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Texas Instruments by 6.3% during the first quarter. First Horizon Advisors Inc. now owns 122,866 shares of the semiconductor company's stock valued at $22,079,000 after purchasing an additional 7,333 shares during the period. Private Trust Co. NA lifted its position in shares of Texas Instruments by 4.1% during the first quarter. Private Trust Co. NA now owns 7,001 shares of the semiconductor company's stock worth $1,258,000 after purchasing an additional 274 shares in the last quarter. NovaPoint Capital LLC lifted its position in shares of Texas Instruments by 2.6% during the first quarter. NovaPoint Capital LLC now owns 24,379 shares of the semiconductor company's stock worth $4,381,000 after purchasing an additional 611 shares in the last quarter. Finally, Rossby Financial LCC boosted its stake in shares of Texas Instruments by 85.6% in the first quarter. Rossby Financial LCC now owns 2,248 shares of the semiconductor company's stock valued at $404,000 after purchasing an additional 1,037 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $215.57 on Friday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a market cap of $195.83 billion, a PE ratio of 40.90, a P/E/G ratio of 3.51 and a beta of 1.03. The stock has a 50 day simple moving average of $187.43 and a 200-day simple moving average of $183.10. 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 (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 company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

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

Wall Street Analyst Weigh In

TXN has been the topic of several analyst reports. Cantor Fitzgerald dropped their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Four research analysts have rated the stock with a sell rating, sixteen have given 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, the stock presently has an average rating of "Hold" and an average price target of $191.49.

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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