Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 56.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,711 shares of the semiconductor company's stock after selling 2,237 shares during the period. Norris Perne & French LLP MI's holdings in Texas Instruments were worth $308,000 as of its most recent SEC filing.

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

Texas Instruments Stock Performance

NASDAQ TXN opened at $198.35 on Thursday. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The business has a fifty day moving average of $175.12 and a 200-day moving average of $182.12. The stock has a market cap of $180.20 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 3.22 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The firm 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 firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.74%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price objective (up from $170.00) on shares of Texas Instruments in a research report on Wednesday. Stifel Nicolaus lowered their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Citigroup boosted their price target on Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a research report on Monday, April 7th. Finally, Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $191.91.

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.

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