Vestcor Inc reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,134 shares of the semiconductor company's stock after selling 5,103 shares during the period. Vestcor Inc's holdings in Texas Instruments were worth $6,673,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in TXN. Cloud Capital Management LLC bought a new stake in Texas Instruments in the first quarter worth about $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments in the 4th quarter valued at $30,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments in the 1st quarter valued at $34,000. Park Square Financial Group LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $41,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Texas Instruments in the 1st quarter valued at $42,000. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Down 0.1%
Shares of NASDAQ TXN traded down $0.20 on Friday, reaching $180.86. 6,622,415 shares of the company's stock traded hands, compared to its average volume of 7,408,316. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The business's 50 day simple moving average is $200.47 and its two-hundred day simple moving average is $185.42. The company has a market cap of $164.43 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 3.11 and a beta of 1.03. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.
Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the business earned $1.17 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts forecast 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 will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 3.0%. Texas Instruments's dividend payout ratio (DPR) is presently 99.63%.
Analyst Ratings Changes
A number of research firms have recently weighed in on TXN. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Morgan Stanley restated an "underweight" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Wolfe Research upgraded Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 target price for the company in a research report on Monday. Finally, Argus raised Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $212.21.
Check Out Our Latest Report on TXN
Texas Instruments Company Profile
(
Free Report)
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.
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