Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,559,312 shares of the semiconductor company's stock after selling 119,431 shares during the period. Raymond James & Associates owned about 0.17% of Texas Instruments worth $271,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Chemistry Wealth Management LLC lifted its position in Texas Instruments by 5.2% during the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company's stock valued at $218,000 after buying an additional 62 shares in the last quarter. Field & Main Bank raised its stake in shares of Texas Instruments by 10.4% during the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company's stock valued at $118,000 after purchasing an additional 65 shares during the period. Guardian Wealth Management Inc. raised its stake in shares of Texas Instruments by 0.6% during the fourth quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company's stock valued at $1,873,000 after purchasing an additional 65 shares during the period. Buckley Wealth Management LLC raised its stake in shares of Texas Instruments by 1.1% during the first quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company's stock valued at $1,028,000 after purchasing an additional 65 shares during the period. Finally, Howard Financial Services LTD. raised its stake in shares of Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company's stock valued at $371,000 after purchasing an additional 66 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TXN. Benchmark reiterated a "buy" rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. Oppenheimer restated a "market perform" rating on shares of Texas Instruments in a research note on Wednesday. Mizuho lifted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday. Barclays dropped their price target on shares of Texas Instruments from $160.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 24th. Finally, UBS Group upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $180.74.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company's stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

Shares of TXN traded up $2.23 during trading hours on Friday, reaching $177.48. 5,401,860 shares of the company's stock traded hands, compared to its average volume of 5,477,503. The firm has a market capitalization of $161.59 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.79 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The business's fifty day simple moving average is $169.29 and its two-hundred day simple moving average is $162.29.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company's quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments's payout ratio is currently 81.12%.

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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