Sapient Capital LLC Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sapient Capital LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 88.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,838 shares of the semiconductor company's stock after selling 163,066 shares during the period. Sapient Capital LLC's holdings in Texas Instruments were worth $3,745,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TXN. Norges Bank acquired a new stake in Texas Instruments during the 4th quarter worth about $2,584,490,000. GAMMA Investing LLC lifted its position in Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after acquiring an additional 3,406,386 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Invesco Ltd. lifted its position in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after buying an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $295,665,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TXN. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Cantor Fitzgerald cut their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. UBS Group cut their price target on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Mizuho set a $170.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $189.86.

Texas Instruments Trading Down 2.3%

Shares of TXN stock traded down $4.66 during mid-day trading on Friday, reaching $195.00. The stock had a trading volume of 5,138,164 shares, compared to its average volume of 6,378,731. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock's 50-day moving average price is $172.92 and its two-hundred day moving average price is $182.03. The firm has a market capitalization of $177.15 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00.

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, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 earnings per share. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is 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.