Park Place Capital Corp Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Park Place Capital Corp reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,120 shares of the semiconductor company’s stock after selling 124 shares during the quarter. Park Place Capital Corp’s holdings in Texas Instruments were worth $218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Advisory Alpha LLC lifted its holdings in shares of Texas Instruments by 36.6% during the fourth quarter. Advisory Alpha LLC now owns 1,979 shares of the semiconductor company’s stock valued at $337,000 after purchasing an additional 530 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Texas Instruments by 16,963.3% in the 4th quarter. International Assets Investment Management LLC now owns 600,629 shares of the semiconductor company’s stock worth $102,383,000 after acquiring an additional 597,109 shares during the last quarter. Boit C F David purchased a new position in Texas Instruments in the 4th quarter worth approximately $208,000. Matrix Asset Advisors Inc. NY raised its holdings in Texas Instruments by 5.1% in the 4th quarter. Matrix Asset Advisors Inc. NY now owns 75,195 shares of the semiconductor company’s stock worth $12,818,000 after acquiring an additional 3,638 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its position in Texas Instruments by 44.1% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,426 shares of the semiconductor company’s stock worth $3,141,000 after purchasing an additional 5,636 shares during the period. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on TXN shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Jefferies Financial Group boosted their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Finally, TD Cowen upped their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $198.64.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded down $4.60 during trading on Monday, hitting $182.86. The company had a trading volume of 4,212,340 shares, compared to its average volume of 5,537,600. The stock has a fifty day simple moving average of $197.84 and a two-hundred day simple moving average of $181.12. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $210.84. The firm has a market capitalization of $166.96 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 4.08 and a beta of 0.99. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period last year, the firm posted $1.87 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s dividend 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.