Allspring Global Investments Holdings LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 474,129 shares of the semiconductor company's stock after selling 31,745 shares during the period. Allspring Global Investments Holdings LLC owned 0.05% of Texas Instruments worth $84,390,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Promus Capital LLC purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $28,000. Copia Wealth Management purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments in the first quarter valued at approximately $34,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $207.08 on Friday. The firm has a market capitalization of $188.13 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00. The business's fifty day moving average price is $182.58 and its 200 day moving average price is $182.45. 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 12 month low of $139.95 and a 12 month high of $220.39.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating 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 firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. Texas Instruments's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share 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 paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.63%. Texas Instruments's dividend payout ratio is presently 103.23%.
Analyst Ratings Changes
A number of brokerages have issued reports on TXN. TD Securities reissued a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Stifel Nicolaus cut their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report 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 report on Thursday, April 24th. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, Cowen reaffirmed a "hold" rating on shares of Texas Instruments in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, sixteen 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 presently has a consensus rating of "Hold" and a consensus target price of $191.49.
Check Out Our Latest Analysis on Texas Instruments
About Texas Instruments
(
Free Report)
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.
See Also
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