Souders Financial Advisors Sells 5,709 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Souders Financial Advisors lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 44.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,194 shares of the semiconductor company's stock after selling 5,709 shares during the quarter. Souders Financial Advisors' holdings in Texas Instruments were worth $1,293,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Summit Securities Group LLC purchased a new position in Texas Instruments during the 4th quarter worth $27,000. Cloud Capital Management LLC purchased a new position in Texas Instruments during the 1st quarter worth $28,000. Copia Wealth Management purchased a new position in Texas Instruments during the 4th quarter worth $30,000. Quintet Private Bank Europe S.A. purchased a new position in Texas Instruments during the 1st quarter worth $34,000. Finally, Park Square Financial Group LLC purchased a new position in Texas Instruments during the 4th quarter worth $41,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analyst Weigh In

TXN has been the topic of a number of recent analyst reports. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Truist Financial lowered their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. Rosenblatt Securities reiterated a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $204.87.

Texas Instruments Stock Up 0.0%

Shares of TXN opened at $216.62 on Friday. The firm has a market cap of $196.79 billion, a P/E ratio of 41.10, a P/E/G ratio of 3.53 and a beta of 1.03. The stock has a 50 day simple moving average of $199.35 and a two-hundred day simple moving average of $185.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.51%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

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.

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