Delta Investment Management LLC Has $495,000 Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Delta Investment Management LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 30.1% in the fourth quarter, Holdings Channel reports. The firm owned 2,906 shares of the semiconductor company’s stock after selling 1,253 shares during the quarter. Delta Investment Management LLC’s holdings in Texas Instruments were worth $495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments during the fourth quarter worth about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Annapolis Financial Services LLC boosted its stake in shares of Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments during the 3rd quarter worth approximately $25,000. Finally, AMH Equity Ltd bought a new stake in Texas Instruments in the 3rd quarter valued at $32,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Price Performance

Texas Instruments stock opened at $177.48 on Friday. The stock has a market capitalization of $161.59 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.79 and a beta of 1.04. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. The stock’s 50 day moving average price is $169.29 and its two-hundred day moving average price is $162.25.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (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 the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 EPS. On average, equities analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TXN shares. Mizuho lifted their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Barclays reduced their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Finally, Morgan Stanley boosted their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $180.74.

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.