Tredje AP fonden decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 31.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,131 shares of the semiconductor company’s stock after selling 22,558 shares during the period. Tredje AP fonden’s holdings in Texas Instruments were worth $6,006,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC bought a new stake in Texas Instruments in the fourth quarter valued at approximately $27,000. Credit Agricole S A increased its stake in shares of Texas Instruments by 85.8% in the fourth quarter. Credit Agricole S A now owns 210 shares of the semiconductor company’s stock worth $27,000 after buying an additional 97 shares during the period. Atlas Private Wealth Management bought a new stake in Texas Instruments during the 4th quarter valued at $28,000. FSA Wealth Management LLC purchased a new stake in Texas Instruments during the 4th quarter valued at $38,000. Finally, IndexIQ Advisors LLC purchased a new stake in Texas Instruments during the 4th quarter valued at $41,000. 86.02% of the stock is currently owned by institutional investors.
TXN has been the subject of a number of research analyst reports. Goldman Sachs Group lowered Texas Instruments from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $123.00 to $88.00 in a research note on Tuesday, March 24th. Oppenheimer reissued a “buy” rating and issued a $120.00 target price (down previously from $140.00) on shares of Texas Instruments in a report on Wednesday, April 22nd. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and set a $105.00 price objective on the stock. in a research report on Friday, April 17th. Sanford C. Bernstein cut their price objective on Texas Instruments from $120.00 to $100.00 and set a “market perform” rating for the company in a research note on Thursday, March 19th. Finally, Longbow Research assumed coverage on shares of Texas Instruments in a research note on Wednesday, April 22nd. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $123.13.
Shares of Texas Instruments stock traded down $0.40 during trading on Friday, reaching $113.06. 1,271,935 shares of the stock traded hands, compared to its average volume of 4,925,363. Texas Instruments Incorporated has a 52-week low of $93.09 and a 52-week high of $135.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.49 and a quick ratio of 2.65. The business has a fifty day simple moving average of $110.15 and a two-hundred day simple moving average of $118.57. The company has a market capitalization of $107.82 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 3.12 and a beta of 1.16.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.23. Texas Instruments had a return on equity of 57.45% and a net margin of 35.17%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. On average, research analysts predict that Texas Instruments Incorporated will post 4.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 18th. Investors of record on Monday, May 4th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, May 1st. Texas Instruments’s dividend payout ratio (DPR) is presently 68.70%.
Texas Instruments Company 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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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