CWA Asset Management Group LLC Trims Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

CWA Asset Management Group LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,906 shares of the semiconductor company's stock after selling 2,016 shares during the quarter. CWA Asset Management Group LLC's holdings in Texas Instruments were worth $6,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Promus Capital LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the 4th quarter valued at approximately $28,000. Copia Wealth Management purchased a new stake in Texas Instruments during the 4th quarter valued at $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TXN. Argus upgraded Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research report on Friday, April 25th. Cantor Fitzgerald dropped their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus lowered their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $190.55.

Texas Instruments Trading Up 0.3%

TXN stock traded up $0.66 during midday trading on Thursday, reaching $198.35. 3,741,956 shares of the company traded hands, compared to its average volume of 6,382,902. The firm has a market capitalization of $180.20 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 3.23 and a beta of 1.00. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The business has a 50 day moving average of $175.96 and a 200-day moving average of $182.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.

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 firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, 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 company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

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.