Crossmark Global Holdings Inc. Sells 44,988 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Crossmark Global Holdings Inc. lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 30.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,907 shares of the semiconductor company's stock after selling 44,988 shares during the period. Crossmark Global Holdings Inc.'s holdings in Texas Instruments were worth $18,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after buying an additional 649,620 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after buying an additional 267,352 shares during the last quarter. Norges Bank purchased a new position in shares of Texas Instruments during the 4th quarter valued at $2,584,490,000. Alliancebernstein L.P. lifted its position in shares of Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after buying an additional 822,797 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of TXN traded down $2.61 during trading hours on Monday, hitting $213.41. The stock had a trading volume of 5,220,687 shares, compared to its average volume of 6,437,998. 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. The firm has a market capitalization of $193.88 billion, a PE ratio of 40.50, a PEG ratio of 3.52 and a beta of 1.03. The stock has a fifty day moving average price of $188.48 and a 200 day moving average price of $183.27.

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, 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 company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $1.10 earnings per share. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.55%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TXN shares. Morgan Stanley reiterated an "underweight" rating and set a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. UBS Group boosted their price objective on Texas Instruments from $215.00 to $245.00 and gave the company a "buy" rating in a research note on Monday. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Benchmark decreased their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $194.41.

Texas Instruments Company 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.