Summit Global Investments Has $279,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Summit Global Investments lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 48.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,553 shares of the semiconductor company's stock after selling 1,436 shares during the quarter. Summit Global Investments' holdings in Texas Instruments were worth $279,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management increased its stake in Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 56 shares during the period. Voya Financial Advisors Inc. lifted its position in shares of Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 58 shares during the last quarter. Avitas Wealth Management LLC grew its stake in shares of Texas Instruments by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock worth $2,032,000 after purchasing an additional 59 shares in the last quarter. Augustine Asset Management Inc. increased its holdings in Texas Instruments by 5.2% in the fourth quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company's stock valued at $226,000 after buying an additional 60 shares during the last quarter. Finally, Financial Advocates Investment Management raised its stake in Texas Instruments by 2.3% in the fourth quarter. Financial Advocates Investment Management now owns 2,743 shares of the semiconductor company's stock valued at $514,000 after buying an additional 61 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Cantor Fitzgerald lowered their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. KeyCorp cut their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Benchmark dropped their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $189.41.

Texas Instruments Price Performance

Shares of TXN traded up $3.16 during trading hours on Thursday, hitting $193.88. 1,547,237 shares of the company were exchanged, compared to its average volume of 7,576,717. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.38. The company has a market capitalization of $176.14 billion, a PE ratio of 37.36, a PEG ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a fifty day simple moving average of $168.37 and a 200-day simple moving average of $182.34.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is presently 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.