Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,855 shares of the semiconductor company's stock after selling 31,407 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Texas Instruments were worth $22,077,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after buying an additional 56 shares during the period. Voya Financial Advisors Inc. increased its position in shares of Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after purchasing an additional 58 shares during the last quarter. Dunhill Financial LLC raised its holdings in shares of Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after purchasing an additional 61 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of Texas Instruments by 3.7% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock worth $327,000 after purchasing an additional 62 shares during the last quarter. Finally, Main Street Research LLC grew its stake in shares of Texas Instruments by 3.1% during the fourth quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company's stock worth $396,000 after purchasing an additional 63 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN stock traded up $2.83 during mid-day trading on Tuesday, hitting $210.45. The stock had a trading volume of 5,854,995 shares, compared to its average volume of 6,408,644. The firm has a market cap of $191.19 billion, a PE ratio of 39.93, a PEG ratio of 3.37 and a beta of 1.00. The company's 50-day simple moving average is $183.82 and its 200-day simple moving average is $182.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39.

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

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is currently 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of analyst reports. UBS Group cut their price target on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research note on Monday, April 7th. Wells Fargo & Company set a $190.00 price target on shares of Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. TD Cowen raised their price objective on shares of Texas Instruments from $160.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday, June 25th. Finally, KeyCorp lowered their target price on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $191.49.

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.