NorthCrest Asset Manangement LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 42.7% during the first quarter, Holdings Channel reports. The institutional investor owned 4,479 shares of the semiconductor company’s stock after selling 3,332 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Texas Instruments were worth $822,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC boosted its position in Texas Instruments by 10.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 6,584 shares of the semiconductor company’s stock valued at $1,208,000 after buying an additional 637 shares during the last quarter. Fundamentun LLC boosted its position in Texas Instruments by 15.1% in the 4th quarter. Fundamentun LLC now owns 9,309 shares of the semiconductor company’s stock valued at $1,755,000 after buying an additional 1,224 shares during the last quarter. Gibson Wealth Advisors LLC bought a new position in Texas Instruments in the 4th quarter valued at $377,000. IMS Capital Management boosted its position in shares of Texas Instruments by 13.1% in the 4th quarter. IMS Capital Management now owns 9,605 shares of the semiconductor company’s stock worth $1,810,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Capital Planning Advisors LLC boosted its position in shares of Texas Instruments by 2.5% in the 4th quarter. Capital Planning Advisors LLC now owns 19,105 shares of the semiconductor company’s stock worth $3,601,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.
In related news, Director Robert E. Sanchez sold 12,299 shares of Texas Instruments stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $169.40, for a total transaction of $2,083,450.60. Following the completion of the transaction, the director now owns 19,201 shares in the company, valued at $3,252,649.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Hagop H. Kozanian sold 5,904 shares of Texas Instruments stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $170.23, for a total value of $1,005,037.92. Following the transaction, the vice president now owns 44,885 shares of the company’s stock, valued at approximately $7,640,773.55. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.
TXN opened at $154.16 on Wednesday. The business’s 50-day moving average price is $166.63 and its two-hundred day moving average price is $174.31. Texas Instruments Incorporated has a 1 year low of $149.10 and a 1 year high of $202.26. The company has a market capitalization of $142.16 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.91 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.54 and a quick ratio of 4.73.
Texas Instruments (NASDAQ:TXN – Get Rating) last released its earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.18. The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.73 billion. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. Texas Instruments’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 earnings per share. Sell-side analysts anticipate that Texas Instruments Incorporated will post 8.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Investors of record on Monday, May 9th were given a $1.15 dividend. This represents a $4.60 dividend on an annual basis and a dividend yield of 2.98%. The ex-dividend date was Friday, May 6th. Texas Instruments’s dividend payout ratio is currently 52.63%.
Several research analysts have recently issued reports on TXN shares. Bank of America reduced their price target on Texas Instruments from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. StockNews.com upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, June 1st. Trust Financial reduced their price target on Texas Instruments from $189.00 to $172.00 in a research report on Wednesday, April 27th. Credit Suisse Group reduced their price target on Texas Instruments from $200.00 to $195.00 in a research report on Wednesday, April 27th. Finally, Stifel Nicolaus dropped their objective price on Texas Instruments from $180.00 to $170.00 and set a “hold” rating on the stock in a research note on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $191.67.
Texas Instruments Profile (Get Rating)
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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