Triangle Securities Wealth Management cut its holdings in shares of Texas Instruments Incorporated (NASDAQ: TXN – Get Rating) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,098 shares of the semiconductor company stock after selling 129 shares during the quarter. Triangle Securities Wealth Management’s holdings in Texas Instruments were worth $ 385,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Texas Instruments by 1.2% in the fourth quarter. BlackRock Inc. now owns 73,785,202 shares of the semiconductor company stock worth $ 13,906,299,000 after purchasing an additional 885,939 shares during the last quarter. State Street Corp grew its position in Texas Instruments by 2.9% in the fourth quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company stock worth $ 7,582,073,000 after acquiring an additional 1,146,109 shares in the last quarter. Geode Capital Management LLC grew its position in Texas Instruments by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 17,910,932 shares of the semiconductor company stock worth $ 3,368,472,000 after acquiring an additional 708,848 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Texas Instruments by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,859,029 shares of the semiconductor company stock worth $ 2,423,543,000 after acquiring an additional 138,933 shares in the last quarter. Finally, Norges Bank purchased a new position in Texas Instruments in the fourth quarter worth about $ 1,534,890,000. 83.96% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ: TXN opened at $ 151.14 on Friday. The firm’s fifty day moving average is $ 167.90 and its two-hundred day moving average is $ 175.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.73 and a current ratio of 5.54. Texas Instruments Incorporated has a one year low of $ 149.10 and a one year high of $ 202.26. The firm has a market cap of $ 139.37 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.88 and a beta of 0.94.
Texas Instruments (NASDAQ: TXN – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $ 2.35 earnings per share for the quarter, topping the consensus estimate of $ 2.17 by $ 0.18. Texas Instruments had a net margin of 43.34% and a return on equity of 64.89%. The firm had revenue of $ 4.91 billion during the quarter, compared to the consensus estimate of $ 4.73 billion. During the same quarter in the prior year, the firm earned $ 1.87 EPS. The company revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities research analysts predict that Texas Instruments Incorporated will post 8.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Shareholders of record on Monday, May 9th were issued a $ 1.15 dividend. The ex-dividend date of this dividend was Friday, May 6th. This represents a $ 4.60 dividend on an annualized basis and a yield of 3.04%. Texas Instruments’s payout ratio is 52.63%.
Several research analysts recently commented on TXN shares. KeyCorp dropped their price target on Texas Instruments from $ 240.00 to $ 220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 27th. Credit Suisse Group lowered their price target on Texas Instruments from $ 200.00 to $ 195.00 in a report on Wednesday, April 27th. Morgan Stanley lowered their price target on Texas Instruments from $ 170.00 to $ 155.00 and set an “underweight” rating for the company in a report on Friday, June 10th. Truist Financial lowered their price target on Texas Instruments from $ 189.00 to $ 172.00 in a report on Wednesday, April 27th. Finally, UBS Group lowered their price target on Texas Instruments from $ 180.00 to $ 175.00 and set a “neutral” rating for the company in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $ 191.67.
In related news, VP Hagop H. Kozanian sold 5,904 shares of the stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $ 170.23, for a total transaction of $ 1,005,037.92. Following the completion of the transaction, the vice president now owns 44,885 shares of the company stock, valued at approximately $ 7,640,773.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 12,299 shares of the stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $ 169.40, for a total transaction of $ 2,083,450.60. Following the transaction, the director now directly owns 19,201 shares of the company stock, valued at approximately $ 3,252,649.40. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.
Texas Instruments Company Profile: (Get Rating)
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements at various levels using battery-management solutions, DC / DC switching regulators, AC / DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
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