Union Bancaire Privee UBP SA Sells 5,434 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Union Bancaire Privee UBP SA decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,617 shares of the semiconductor company's stock after selling 5,434 shares during the period. Union Bancaire Privee UBP SA's holdings in Texas Instruments were worth $4,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Promus Capital LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in Texas Instruments during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $28,000. Copia Wealth Management purchased a new position in shares of Texas Instruments in the fourth quarter worth about $30,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments during the fourth quarter worth about $37,000. Institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TXN. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Stifel Nicolaus decreased their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. TD Securities restated a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, Truist Financial reduced their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $189.86.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded down $0.03 during midday trading on Thursday, reaching $199.66. The company had a trading volume of 3,254,959 shares, compared to its average volume of 6,360,218. The stock has a market cap of $181.39 billion, a P/E ratio of 38.47, a P/E/G ratio of 3.30 and a beta of 1.00. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company's 50 day moving average price is $171.02 and its 200 day moving average price is $182.21.

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 for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the prior year, the business earned $1.10 earnings per share. Texas Instruments's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.72%. Texas Instruments's payout ratio is currently 103.23%.

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.