Buffington Mohr McNeal Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Buffington Mohr McNeal trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 74.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,133 shares of the semiconductor company’s stock after selling 20,718 shares during the quarter. Buffington Mohr McNeal’s holdings in Texas Instruments were worth $1,243,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TXN. Federated Hermes Inc. lifted its stake in Texas Instruments by 20.4% during the third quarter. Federated Hermes Inc. now owns 10,262 shares of the semiconductor company’s stock worth $1,632,000 after purchasing an additional 1,739 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of Texas Instruments by 6.7% during the third quarter. Waverly Advisors LLC now owns 5,154 shares of the semiconductor company’s stock worth $820,000 after purchasing an additional 325 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in Texas Instruments by 3.6% in the 3rd quarter. SRS Capital Advisors Inc. now owns 2,417 shares of the semiconductor company’s stock valued at $384,000 after purchasing an additional 83 shares in the last quarter. Truist Financial Corp boosted its position in shares of Texas Instruments by 8.3% during the 3rd quarter. Truist Financial Corp now owns 335,395 shares of the semiconductor company’s stock worth $53,331,000 after purchasing an additional 25,838 shares in the last quarter. Finally, AXQ Capital LP boosted its stake in shares of Texas Instruments by 64.3% during the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock traded up $3.82 during trading on Tuesday, reaching $198.42. 4,167,840 shares of the company’s stock traded hands, compared to its average volume of 5,544,463. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $206.00. The company has a market capitalization of $180.66 billion, a P/E ratio of 31.03, a PEG ratio of 4.21 and a beta of 0.99. The firm’s 50-day moving average is $190.89 and its 200 day moving average is $175.56.

Texas Instruments (NASDAQ:TXN) last released its 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 business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were paid a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.62%. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Cantor Fitzgerald boosted their price objective on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. TD Cowen increased their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company began coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target on the stock. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $183.43.

Insider Transactions at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock valued at $58,427,984 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

About Texas Instruments

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.