Opus Capital Group LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 15.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,848 shares of the semiconductor company’s stock after selling 1,280 shares during the period. Opus Capital Group LLC’s holdings in Texas Instruments were worth $1,294,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of TXN. Icon Advisers Inc. Co. increased its position in Texas Instruments by 141.1% during the 4th quarter. Icon Advisers Inc. Co. now owns 13,500 shares of the semiconductor company’s stock worth $2,216,000 after purchasing an additional 7,900 shares in the last quarter. DnB Asset Management AS increased its position in Texas Instruments by 5.0% during the 1st quarter. DnB Asset Management AS now owns 196,255 shares of the semiconductor company’s stock worth $37,090,000 after purchasing an additional 9,306 shares in the last quarter. Steel Peak Wealth Management LLC increased its position in Texas Instruments by 4.2% during the 4th quarter. Steel Peak Wealth Management LLC now owns 61,805 shares of the semiconductor company’s stock worth $10,144,000 after purchasing an additional 2,514 shares in the last quarter. City Holding Co. increased its position in Texas Instruments by 17.8% during the 4th quarter. City Holding Co. now owns 20,027 shares of the semiconductor company’s stock worth $3,287,000 after purchasing an additional 3,033 shares in the last quarter. Finally, FormulaFolio Investments LLC increased its position in Texas Instruments by 563.1% during the 4th quarter. FormulaFolio Investments LLC now owns 11,093 shares of the semiconductor company’s stock worth $1,821,000 after purchasing an additional 9,420 shares in the last quarter. 83.12% of the stock is owned by institutional investors.
A number of research firms have weighed in on TXN. Citigroup upped their price target on Texas Instruments from $201.00 to $215.00 in a report on Wednesday, April 28th. Mizuho upped their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday. Oppenheimer increased their target price on Texas Instruments from $185.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, April 21st. JPMorgan Chase & Co. reiterated a “buy” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Friday, February 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Texas Instruments from $170.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $189.23.
In other Texas Instruments news, CFO Rafael R. Lizardi sold 27,665 shares of the business’s stock in a transaction on Wednesday, February 3rd. The shares were sold at an average price of $171.96, for a total value of $4,757,273.40. Following the transaction, the chief financial officer now directly owns 109,800 shares of the company’s stock, valued at approximately $18,881,208. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard K. Templeton sold 112,500 shares of the business’s stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $170.74, for a total transaction of $19,208,250.00. Following the completion of the sale, the chief executive officer now owns 622,167 shares in the company, valued at $106,228,793.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 241,518 shares of company stock valued at $41,675,362. 0.73% of the stock is owned by company insiders.
Shares of NASDAQ TXN traded down $2.48 on Tuesday, reaching $176.31. 95,440 shares of the company’s stock traded hands, compared to its average volume of 4,822,852. The company has a market cap of $162.83 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 3.10 and a beta of 1.06. Texas Instruments Incorporated has a 12 month low of $105.45 and a 12 month high of $197.58. The business’s 50 day simple moving average is $186.62 and its two-hundred day simple moving average is $169.79. The company has a quick ratio of 3.29, a current ratio of 4.24 and a debt-to-equity ratio of 0.75.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.31. The company had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.48 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Monday, May 3rd will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Friday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is 77.86%.
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, 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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