Sanibel Captiva Trust Company Inc. Sells 1,101 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sanibel Captiva Trust Company Inc. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 7.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,522 shares of the semiconductor company’s stock after selling 1,101 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Texas Instruments were worth $2,430,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TXN. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $28,000. Copia Wealth Management purchased a new stake in Texas Instruments in the 4th quarter worth $30,000. Finally, Atala Financial Inc purchased a new position in shares of Texas Instruments in the fourth quarter valued at $37,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXN has been the topic of a number of analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Argus upgraded shares of Texas Instruments to a “strong-buy” rating in a research report on Friday, April 25th. Sanford C. Bernstein raised shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 5th. Finally, UBS Group lowered their price objective on Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $189.86.

Texas Instruments Trading Up 1.5%

Shares of Texas Instruments stock opened at $202.29 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a market capitalization of $183.77 billion, a P/E ratio of 38.98, a P/E/G ratio of 3.30 and a beta of 1.00. The business has a 50 day moving average price of $170.06 and a 200 day moving average price of $182.09. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

About Texas Instruments

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.