Crossmark Global Holdings Inc. Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Crossmark Global Holdings Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 30.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,907 shares of the semiconductor company's stock after selling 44,988 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Texas Instruments were worth $18,313,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TXN. Norges Bank acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $2,584,490,000. GAMMA Investing LLC raised its position in Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after buying an additional 3,406,386 shares during the last quarter. Invesco Ltd. raised its position in Texas Instruments by 15.4% in 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. Northern Trust Corp raised its position in Texas Instruments by 12.2% in the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after buying an additional 1,132,187 shares during the last quarter. Finally, Capital International Investors raised its position in Texas Instruments by 26.3% in the 4th quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock valued at $974,054,000 after buying an additional 1,080,782 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN stock traded up $3.22 on Tuesday, hitting $216.63. 6,844,542 shares of the stock were exchanged, compared to its average volume of 6,449,672. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $196.80 billion, a PE ratio of 40.49, a P/E/G ratio of 3.48 and a beta of 1.03. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The firm's 50 day moving average is $189.50 and its two-hundred day moving average is $183.45.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the company earned $1.10 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced 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 was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.51%. Texas Instruments's dividend payout ratio is currently 103.23%.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of analyst reports. Wells Fargo & Company set a $190.00 price target on Texas Instruments and gave the company an "equal weight" rating in a research report on Monday, June 16th. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Stifel Nicolaus lowered their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. TD Securities reissued a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, KeyCorp increased their price target on Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday. Four equities 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $196.91.

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.