Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,757 shares of the semiconductor company's stock after selling 3,550 shares during the period. Texas Instruments makes up about 2.8% of Roffman Miller Associates Inc. PA's investment portfolio, making the stock its 11th largest position. Roffman Miller Associates Inc. PA's holdings in Texas Instruments were worth $44,881,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TXN. Norges Bank bought a new position in shares of Texas Instruments in the fourth quarter worth about $2,584,490,000. GAMMA Investing LLC grew its holdings in shares of Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after purchasing an additional 3,406,386 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Texas Instruments by 12.2% in the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after purchasing an additional 1,132,187 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of Texas Instruments by 26.3% in the fourth quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock worth $974,054,000 after purchasing an additional 1,080,782 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 2.6%

Shares of TXN traded up $5.51 during mid-day trading on Tuesday, hitting $218.92. 753,333 shares of the company traded hands, compared to its average volume of 6,416,973. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. 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 $198.88 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The business has a 50 day moving average of $189.50 and a 200 day moving average of $183.45.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (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 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 prior year, the company posted $1.10 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors 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 2.48%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analysts Set New Price Targets

TXN has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a research note on Monday, April 7th. UBS Group upped their price objective on shares of Texas Instruments from $215.00 to $245.00 and gave the stock a "buy" rating in a research note on Monday. Arete Research raised shares of Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Finally, Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $195.87.

Texas Instruments Company 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.