Anderson Fisher LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,292 shares of the semiconductor company’s stock after selling 308 shares during the period. Anderson Fisher LLC’s holdings in Texas Instruments were worth $1,834,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cordasco Financial Network purchased a new stake in shares of Texas Instruments in the first quarter valued at about $27,000. CX Institutional raised its holdings in shares of Texas Instruments by 95.9% in the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 140 shares during the last quarter. Farmers National Bank purchased a new stake in shares of Texas Instruments in the first quarter valued at about $35,000. Icon Wealth Partners LLC acquired a new position in shares of Texas Instruments during the first quarter worth about $37,000. Finally, Global Wealth Management Investment Advisory Inc. increased its stake in shares of Texas Instruments by 919.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 331 shares during the period. 85.38% of the stock is owned by hedge funds and other institutional investors.
In other Texas Instruments news, CEO Richard K. Templeton sold 160,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $116.77, for a total value of $18,683,200.00. Following the sale, the chief executive officer now owns 930,287 shares of the company’s stock, valued at $108,629,612.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carrie Smith Cox sold 17,002 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $116.08, for a total transaction of $1,973,592.16. Following the completion of the sale, the director now directly owns 40,299 shares in the company, valued at approximately $4,677,907.92. The disclosure for this sale can be found here. Insiders have sold 879,332 shares of company stock worth $103,024,864 over the last 90 days. 0.89% of the stock is currently owned by company insiders.
A number of brokerages have recently issued reports on TXN. Longbow Research lowered shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price target on the stock. in a research note on Wednesday, April 17th. Nomura began coverage on shares of Texas Instruments in a research note on Tuesday, May 7th. They set a “neutral” rating and a $106.00 price target on the stock. Robert W. Baird reiterated a “hold” rating and set a $97.00 price target on shares of Texas Instruments in a research note on Tuesday, February 26th. Rosenblatt Securities reiterated a “buy” rating and set a $120.00 price target on shares of Texas Instruments in a research note on Monday, April 22nd. Finally, BidaskClub lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $111.18.
Shares of TXN opened at $111.18 on Friday. The company has a current ratio of 3.68, a quick ratio of 2.70 and a debt-to-equity ratio of 0.59. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $119.32. The stock has a market cap of $105.95 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.17 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the business posted $1.35 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities analysts anticipate that Texas Instruments Incorporated will post 5.14 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 annualized dividend and a yield of 2.77%. Texas Instruments’s payout ratio is currently 56.83%.
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Texas Instruments Profile
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 in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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