Morningstar Investment Services LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 54.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,127 shares of the semiconductor company's stock after selling 7,449 shares during the quarter. Morningstar Investment Services LLC's holdings in Texas Instruments were worth $1,101,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Summit Securities Group LLC bought a new stake in Texas Instruments during the 4th quarter worth approximately $27,000. Cloud Capital Management LLC purchased a new stake in Texas Instruments during the 1st quarter valued at $28,000. Copia Wealth Management purchased a new stake in Texas Instruments during the 4th quarter valued at $30,000. Quintet Private Bank Europe S.A. bought a new position in Texas Instruments in the 1st quarter worth $34,000. Finally, Park Square Financial Group LLC bought a new position in shares of Texas Instruments in the 4th quarter worth about $41,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Stock Up 0.0%
TXN traded up $0.03 on Friday, reaching $216.62. The company's stock had a trading volume of 4,535,481 shares, compared to its average volume of 6,466,299. The stock has a 50 day moving average of $199.35 and a two-hundred day moving average of $185.26. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $196.79 billion, a price-to-earnings ratio of 41.10, a P/E/G ratio of 3.53 and a beta of 1.03. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its 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. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. As a group, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio is presently 103.23%.
Wall Street Analyst Weigh In
TXN has been the topic of a number of recent analyst reports. Mizuho raised their price target on shares of Texas Instruments from $170.00 to $205.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Rosenblatt Securities reissued a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. TD Securities restated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Arete began coverage on shares of Texas Instruments in a research report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price target on the stock. Finally, Cantor Fitzgerald cut their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Texas Instruments presently has an average rating of "Hold" and a consensus target price of $204.87.
Check Out Our Latest Report on Texas Instruments
About Texas Instruments
(
Free Report)
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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