Alpine Woods Capital Investors LLC Sells 9,132 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Alpine Woods Capital Investors LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 26.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,783 shares of the semiconductor company's stock after selling 9,132 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Texas Instruments were worth $4,633,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TXN. Norges Bank acquired a new stake in shares of Texas Instruments during the fourth quarter worth $2,584,490,000. GAMMA Investing LLC raised its holdings in shares of Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after acquiring an additional 3,406,386 shares during the period. Invesco Ltd. grew its position in Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares in the last quarter. Northern Trust Corp grew its position in Texas Instruments by 12.2% in the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after purchasing an additional 1,132,187 shares in the last quarter. Finally, Capital International Investors grew its position in Texas Instruments by 26.3% in the fourth quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock valued at $974,054,000 after purchasing an additional 1,080,782 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 0.7%

Shares of NASDAQ:TXN traded up $1.59 during midday trading on Friday, reaching $221.25. The company's stock had a trading volume of 5,394,922 shares, compared to its average volume of 6,452,513. The firm has a 50 day moving average of $194.11 and a 200-day moving average of $184.31. The firm has a market capitalization of $201.00 billion, a P/E ratio of 41.98, a PEG ratio of 3.58 and a beta of 1.03. 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 Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm earned $1.10 EPS. The company's revenue was up 11.1% compared to the same quarter last year. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is presently 103.23%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TXN shares. Arete started coverage on shares of Texas Instruments in a research report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus lowered their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a research report on Friday, April 25th. Finally, Cowen restated a "hold" rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $202.08.

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.