Gould Asset Management LLC CA Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Gould Asset Management LLC CA reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 3,291 shares of the semiconductor company’s stock after selling 125 shares during the period. Gould Asset Management LLC CA’s holdings in Texas Instruments were worth $561,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after acquiring an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after purchasing an additional 839,964 shares during the last quarter. Morgan Stanley lifted its stake in Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the last quarter. Northern Trust Corp lifted its stake in Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after purchasing an additional 315,302 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. Mizuho upped their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley upped their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. Finally, TD Cowen upped their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Price Performance

Shares of TXN stock traded up $0.44 on Thursday, hitting $175.25. 9,129,091 shares of the stock traded hands, compared to its average volume of 5,711,318. The firm has a market cap of $159.49 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.56 and a beta of 1.04. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The firm has a 50 day simple moving average of $168.95 and a two-hundred day simple moving average of $162.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The company’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the firm earned $1.85 EPS. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.97%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments 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.