Simmons Bank Sells 13,122 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Simmons Bank lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 40.1% in the 1st quarter, according to the company in its most recent Form 13F 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 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors lifted its position in Texas Instruments by 18.4% in the 1st quarter. World Investment Advisors now owns 11,129 shares of the semiconductor company's stock worth $2,000,000 after buying an additional 1,730 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Texas Instruments in the 1st quarter worth approximately $110,000. Argyle Capital Management LLC lifted its position in Texas Instruments by 9.8% in the 1st quarter. Argyle Capital Management LLC now owns 3,700 shares of the semiconductor company's stock worth $665,000 after buying an additional 330 shares during the last quarter. Brookstone Capital Management lifted its position in Texas Instruments by 104.1% in the 1st quarter. Brookstone Capital Management now owns 34,033 shares of the semiconductor company's stock worth $6,116,000 after buying an additional 17,359 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Texas Instruments by 59.4% in the 1st quarter. Catalyst Capital Advisors LLC now owns 2,281 shares of the semiconductor company's stock valued at $410,000 after acquiring an additional 850 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 1.5%

Shares of NASDAQ:TXN traded up $3.22 during trading on Tuesday, hitting $216.63. The stock had a trading volume of 6,844,463 shares, compared to its average volume of 6,439,620. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a market capitalization of $196.80 billion, a PE ratio of 41.11, a PEG ratio of 3.52 and a beta of 1.03. The firm's fifty day moving average is $189.50 and its 200 day moving average is $183.45. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results 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. The firm 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 business's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Rosenblatt Securities reissued a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Wells Fargo & Company set a $190.00 target price on Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research note on Friday, April 25th. Finally, Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Four investment analysts have rated the stock with a sell rating, sixteen have issued 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, Texas Instruments has an average rating of "Hold" and an average target price of $196.91.

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.