Weaver Capital Management LLC Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

Weaver Capital Management LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 47.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,105 shares of the semiconductor company's stock after selling 1,930 shares during the period. Weaver Capital Management LLC's holdings in Texas Instruments were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Promus Capital LLC purchased a new stake in Texas Instruments in the fourth quarter worth $25,000. Summit Securities Group LLC purchased a new stake in Texas Instruments in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the fourth quarter worth $28,000. Copia Wealth Management purchased a new stake in Texas Instruments in the fourth quarter worth $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments in the first quarter worth $34,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of TXN opened at $198.20 on Friday. The company has a market capitalization of $180.06 billion, a P/E ratio of 37.61, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. 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 50 day moving average of $176.97 and a 200 day moving average of $182.10. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued 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 net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the company posted $1.10 earnings per share. The firm's quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.74%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company set a $190.00 target price on shares of Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Citigroup raised their target price on shares of Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Mizuho set a $170.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research note on Monday, April 7th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $190.55.

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.

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