Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Abacus Planning Group Inc.

Abacus Planning Group Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.8% in the first quarter, HoldingsChannel reports. The fund owned 1,642 shares of the semiconductor company’s stock after selling 199 shares during the period. Abacus Planning Group Inc.’s holdings in Texas Instruments were worth $295,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter valued at about $25,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments during the fourth quarter valued at approximately $28,000. Copia Wealth Management bought a new stake in Texas Instruments during the fourth quarter worth approximately $30,000. Finally, Atala Financial Inc bought a new stake in Texas Instruments during the fourth quarter worth approximately $37,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 1.0%

NASDAQ TXN opened at $192.42 on Monday. The firm’s 50 day moving average price is $168.87 and its two-hundred day moving average price is $181.94. The stock has a market cap of $174.81 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 3.30 and a beta of 1.00. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

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

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued 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 dividend yield of 2.83%. Texas Instruments’s dividend payout ratio is 103.23%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TXN. Seaport Res Ptn raised Texas Instruments to a “strong sell” rating in a research note on Wednesday, April 30th. Morgan Stanley reaffirmed an “underweight” rating and set a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Barclays lowered Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. TD Securities reissued a “hold” rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $189.41.

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.