Elk River Wealth Management LLC Sells 330 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Elk River Wealth Management LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,830 shares of the semiconductor company’s stock after selling 330 shares during the period. Texas Instruments accounts for about 1.1% of Elk River Wealth Management LLC’s investment portfolio, making the stock its 29th biggest position. Elk River Wealth Management LLC’s holdings in Texas Instruments were worth $5,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TXN. Mizuho Securities USA LLC grew its position in shares of Texas Instruments by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock worth $16,212,000 after buying an additional 27,251 shares during the period. Union Bancaire Privee UBP SA bought a new position in Texas Instruments in the fourth quarter valued at approximately $6,544,000. Banque Pictet & Cie SA grew its holdings in Texas Instruments by 0.9% during the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company’s stock worth $412,086,000 after acquiring an additional 18,650 shares during the period. Nicholas Hoffman & Company LLC. raised its position in shares of Texas Instruments by 17.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock valued at $961,000 after acquiring an additional 778 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Texas Instruments by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock valued at $67,276,000 after acquiring an additional 7,500 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXN has been the subject of a number of analyst reports. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a research note on Monday, April 7th. Wells Fargo & Company cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Cantor Fitzgerald decreased their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $189.41.

Texas Instruments Stock Performance

Shares of TXN stock opened at $192.42 on Friday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company’s fifty day simple moving average is $168.87 and its 200-day simple moving average is $182.16. The firm has a market cap of $174.81 billion, a PE ratio of 37.08, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business earned $1.10 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. Texas Instruments’s dividend payout ratio is 103.23%.

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.