Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Monte Financial Group LLC

Monte Financial Group LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 37.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,590 shares of the semiconductor company's stock after selling 12,577 shares during the period. Monte Financial Group LLC's holdings in Texas Instruments were worth $3,700,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in Texas Instruments in the 4th quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Texas Instruments in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments in the 4th quarter valued at about $28,000. Copia Wealth Management purchased a new position in Texas Instruments in the 4th quarter valued at about $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new position in Texas Instruments in the 1st quarter valued at about $34,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of analyst reports. Stifel Nicolaus decreased 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. KeyCorp decreased their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. UBS Group decreased their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Truist Financial decreased their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company set a $190.00 price target on shares of Texas Instruments and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $190.55.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $198.20 on Friday. The firm's 50 day moving average is $176.97 and its two-hundred day moving average is $182.10. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The firm has a market capitalization of $180.06 billion, a P/E ratio of 37.61, a PEG ratio of 3.23 and a beta of 1.00. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78.

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

Texas Instruments Announces Dividend

The company also recently declared 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 of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments's payout ratio is currently 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.

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