Beacon Financial Group Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Beacon Financial Group decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,404 shares of the semiconductor company's stock after selling 1,739 shares during the period. Beacon Financial Group's holdings in Texas Instruments were worth $5,823,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Brighton Jones LLC raised its position in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after purchasing an additional 4,218 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Texas Instruments during the fourth quarter valued at about $6,544,000. Spire Wealth Management increased its holdings in shares of Texas Instruments by 1.8% in the fourth quarter. Spire Wealth Management now owns 4,193 shares of the semiconductor company's stock worth $786,000 after buying an additional 73 shares during the period. Calamos Wealth Management LLC lifted its stake in shares of Texas Instruments by 6.5% in the 4th quarter. Calamos Wealth Management LLC now owns 1,893 shares of the semiconductor company's stock valued at $355,000 after acquiring an additional 116 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its holdings in Texas Instruments by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock valued at $2,032,000 after acquiring an additional 59 shares during the period. Institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TXN. Cantor Fitzgerald decreased their price target on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Mizuho set a $170.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target for the company in a research report on Friday, April 25th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Truist Financial lowered their price objective 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, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $189.41.

Texas Instruments Stock Down 0.1%

Shares of TXN stock traded down $0.23 during trading hours on Thursday, hitting $190.49. 6,014,199 shares of the company's stock traded hands, compared to its average volume of 6,334,166. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock's fifty day simple moving average is $168.37 and its two-hundred day simple moving average is $182.34. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The stock has a market cap of $173.05 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 3.30 and a beta of 0.97.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The business 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 28.08% and a net margin of 30.68%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors 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 annualized dividend and a yield of 2.86%. Texas Instruments's dividend payout ratio (DPR) is 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.