Sky Investment Group LLC Sells 1,258 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sky Investment Group LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,887 shares of the semiconductor company's stock after selling 1,258 shares during the quarter. Texas Instruments accounts for 1.5% of Sky Investment Group LLC's holdings, making the stock its 24th biggest position. Sky Investment Group LLC's holdings in Texas Instruments were worth $7,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Promus Capital LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the 4th quarter worth approximately $28,000. Copia Wealth Management acquired a new stake in Texas Instruments during the 4th quarter worth approximately $30,000. Finally, Atala Financial Inc acquired a new stake in Texas Instruments during the 4th quarter worth approximately $37,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN stock traded down $4.66 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. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm's 50-day moving average is $172.92 and its two-hundred day moving average is $181.91. The firm has a market capitalization of $177.15 billion, a price-to-earnings ratio of 37.57, a P/E/G ratio of 3.30 and a beta of 1.00. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.79%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Analyst Ratings Changes

Several analysts have commented on TXN shares. Stifel Nicolaus dropped their target price on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Morgan Stanley restated an "underweight" rating and set a $148.00 target price (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Mizuho set a $170.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Truist Financial dropped their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group dropped their target price on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $189.86.

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.