Texas Instruments Incorporated (NASDAQ:TXN) is Wilkinson Global Asset Management LLC's 9th Largest Position

Wilkinson Global Asset Management LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 378,563 shares of the semiconductor company's stock after selling 5,730 shares during the quarter. Texas Instruments comprises about 4.3% of Wilkinson Global Asset Management LLC's holdings, making the stock its 9th biggest holding. Wilkinson Global Asset Management LLC's holdings in Texas Instruments were worth $68,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $27,000. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments in the 1st quarter worth approximately $28,000. Copia Wealth Management purchased a new stake in shares of Texas Instruments in the 4th quarter worth approximately $30,000. Quintet Private Bank Europe S.A. bought a new position in Texas Instruments during the 1st quarter valued at approximately $34,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments during the fourth quarter valued at $37,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $1.59 during midday trading on Friday, hitting $221.25. The company had a trading volume of 5,394,922 shares, compared to its average volume of 6,463,632. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The company has a fifty day moving average of $194.11 and a two-hundred day moving average of $184.26. The company has a market cap of $201.00 billion, a price-to-earnings ratio of 41.98, a PEG ratio of 3.60 and a beta of 1.03. 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 (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, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.46%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TXN shares. Benchmark cut their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Arete began coverage on shares of Texas Instruments in a research note on Thursday, June 26th. They set a "neutral" rating and a $203.80 price objective for the company. DZ Bank raised shares of 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. The Goldman Sachs Group started coverage on shares of Texas Instruments in a report on Thursday. They set a "buy" rating and a $255.00 price target on the stock. Finally, TD Securities restated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $202.08.

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.