Simmons Bank Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Simmons Bank lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 40.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,589 shares of the semiconductor company's stock after selling 13,122 shares during the period. Simmons Bank's holdings in Texas Instruments were worth $3,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. Mizuho Securities USA LLC boosted its stake in shares of Texas Instruments by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock worth $16,212,000 after buying an additional 27,251 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after buying an additional 4,218 shares during the last quarter. JARISLOWSKY FRASER Ltd boosted its stake in shares of Texas Instruments by 7.4% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after buying an additional 165 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Texas Instruments by 2.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock worth $89,050,000 after buying an additional 11,057 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Texas Instruments by 21.8% in the 1st quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock worth $3,422,000 after buying an additional 3,402 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $0.03 during trading on Friday, reaching $215.57. 2,561,140 shares of the company's stock traded hands, compared to its average volume of 6,442,888. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. 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 firm has a market cap of $195.83 billion, a PE ratio of 40.90, a P/E/G ratio of 3.52 and a beta of 1.03. The company has a 50-day simple moving average of $188.48 and a 200-day simple moving average of $183.28.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the previous year, the firm posted $1.10 EPS. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on TXN shares. Morgan Stanley reissued an "underweight" rating and set a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Citigroup boosted their price target on Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a report on Monday, June 9th. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Arete Research raised Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Finally, Argus raised 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, sixteen have issued a hold rating, nine have assigned 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 an average rating of "Hold" and a consensus target price of $191.49.

Texas Instruments 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.