Moran Wealth Management LLC Sells 1,960 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Moran Wealth Management LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,787 shares of the semiconductor company's stock after selling 1,960 shares during the quarter. Texas Instruments comprises approximately 0.8% of Moran Wealth Management LLC's investment portfolio, making the stock its 27th biggest position. Moran Wealth Management LLC's holdings in Texas Instruments were worth $22,784,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Texas Instruments during the fourth quarter valued at about $2,584,490,000. GAMMA Investing LLC grew its holdings in Texas Instruments by 21,778.6% during the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after acquiring an additional 3,406,386 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Invesco Ltd. raised its stake in shares of Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Texas Instruments during the fourth quarter worth $295,665,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Citigroup upped their target price on Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Monday, June 9th. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a report on Friday, April 25th. Finally, Benchmark decreased their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $190.55.

Texas Instruments Stock Performance

TXN traded up $4.42 during trading on Tuesday, hitting $205.81. 7,583,817 shares of the company traded hands, compared to its average volume of 6,385,665. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The stock's fifty day moving average is $177.98 and its 200 day moving average is $181.98. 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 firm has a market cap of $186.97 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. 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 business posted $1.10 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared 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 2.64%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 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.