Atria Investments Inc Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Atria Investments Inc decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 62,213 shares of the semiconductor company's stock after selling 5,468 shares during the period. Atria Investments Inc's holdings in Texas Instruments were worth $11,180,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TXN. Principle Wealth Partners LLC boosted its stake in shares of Texas Instruments by 0.9% in the 1st quarter. Principle Wealth Partners LLC now owns 28,604 shares of the semiconductor company's stock worth $5,140,000 after buying an additional 263 shares during the last quarter. Lifeworks Advisors LLC raised its stake in Texas Instruments by 9.4% during the 1st quarter. Lifeworks Advisors LLC now owns 16,752 shares of the semiconductor company's stock valued at $3,010,000 after purchasing an additional 1,445 shares during the period. Advisor OS LLC increased its holdings in Texas Instruments by 32.7% in the 1st quarter. Advisor OS LLC now owns 5,282 shares of the semiconductor company's stock valued at $949,000 after acquiring an additional 1,303 shares during the last quarter. SFE Investment Counsel bought a new position in Texas Instruments during the first quarter valued at approximately $312,000. Finally, Argonautica Private Wealth Management Inc. raised its stake in Texas Instruments by 5.4% during the first quarter. Argonautica Private Wealth Management Inc. now owns 22,397 shares of the semiconductor company's stock valued at $4,025,000 after purchasing an additional 1,146 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 0.4%

Shares of TXN stock traded down $0.70 on Friday, hitting $184.99. 7,026,213 shares of the stock traded hands, compared to its average volume of 6,968,143. The stock has a market capitalization of $168.06 billion, a PE ratio of 33.88, a PEG ratio of 3.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.37 and a current ratio of 5.81. The firm's 50-day moving average price is $200.30 and its two-hundred day moving average price is $185.52. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the business posted $1.17 EPS. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, July 31st. Texas Instruments's payout ratio is currently 99.63%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday. The Goldman Sachs Group initiated coverage on Texas Instruments in a research report on Thursday, July 10th. They issued a "buy" rating and a $255.00 price target for the company. Wells Fargo & Company lowered their target price on shares of Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $211.40.

About Texas Instruments

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.