World Equity Group Inc. Sells 1,536 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

World Equity Group Inc. lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 48.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,664 shares of the semiconductor company's stock after selling 1,536 shares during the period. World Equity Group Inc.'s holdings in Texas Instruments were worth $316,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TXN. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter worth about $25,000. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $28,000. Copia Wealth Management purchased a new position in Texas Instruments during the fourth quarter valued at approximately $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new position in Texas Instruments during the first quarter valued at approximately $34,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.1%

Texas Instruments stock opened at $198.20 on Friday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The stock has a fifty day simple moving average of $176.97 and a two-hundred day simple moving average of $182.00. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The firm has a market cap of $180.06 billion, a price-to-earnings ratio of 37.61, a PEG 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, beating 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 business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed 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. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analyst Weigh In

Several brokerages have commented on TXN. TD Securities reissued a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Benchmark dropped their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company set a $190.00 target price on Texas Instruments and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus price target of $190.55.

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.

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