Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.9% in the first quarter, Holdings Channel.com reports. The firm owned 43,548 shares of the semiconductor company’s stock after selling 860 shares during the quarter. Stonegate Investment Group LLC’s holdings in Texas Instruments were worth $7,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Oak Thistle LLC lifted its position in shares of Texas Instruments by 163.7% during the 3rd quarter. Oak Thistle LLC now owns 3,307 shares of the semiconductor company’s stock valued at $526,000 after acquiring an additional 2,053 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Texas Instruments by 6.9% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,581 shares of the semiconductor company’s stock valued at $569,000 after acquiring an additional 230 shares during the period. Trust Co. of Toledo NA OH lifted its position in shares of Texas Instruments by 91.6% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 6,180 shares of the semiconductor company’s stock valued at $983,000 after acquiring an additional 2,955 shares during the period. Charles Schwab Trust Co acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at approximately $240,000. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of Texas Instruments by 3.5% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 8,583 shares of the semiconductor company’s stock valued at $1,365,000 after acquiring an additional 287 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Down 1.6 %

Shares of NASDAQ TXN traded down $2.87 during trading on Tuesday, hitting $176.42. 6,443,366 shares of the company traded hands, compared to its average volume of 5,698,071. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a 50-day moving average price of $169.94 and a 200-day moving average price of $162.63. The firm has a market capitalization of $160.63 billion, a P/E ratio of 27.52, a P/E/G ratio of 3.78 and a beta of 1.04. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the company earned $1.85 EPS. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.95%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TXN shares. TD Cowen lifted their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Robert W. Baird lifted their price objective on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Benchmark restated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $180.74.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

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.