Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Spinnaker Trust

Spinnaker Trust lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 62.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,203 shares of the semiconductor company's stock after selling 32,516 shares during the quarter. Spinnaker Trust's holdings in Texas Instruments were worth $3,451,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after buying an additional 649,620 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after acquiring an additional 267,352 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Norges Bank purchased a new position in shares of Texas Instruments during the fourth quarter worth $2,584,490,000. Finally, Alliancebernstein L.P. lifted its position in Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after purchasing an additional 822,797 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Argus upgraded Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Morgan Stanley reiterated an "underweight" rating and set a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report 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 target price for the company in a report on Monday, April 7th. Finally, TD Cowen boosted their target price on shares of Texas Instruments from $160.00 to $200.00 and gave the company a "hold" rating in a research note on Wednesday, June 25th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $191.49.

Texas Instruments Price Performance

TXN stock opened at $207.08 on Monday. The business's fifty day moving average price is $182.58 and its 200 day moving average price is $182.39. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $188.13 billion, a PE ratio of 39.29, a P/E/G ratio of 3.37 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, 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 business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

About Texas Instruments

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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