Robertson Stephens Wealth Management LLC Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Robertson Stephens Wealth Management LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,553 shares of the semiconductor company’s stock after selling 378 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Texas Instruments were worth $459,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TXN. Norges Bank purchased a new position in Texas Instruments in the 4th quarter worth about $2,584,490,000. GAMMA Investing LLC grew its holdings in Texas Instruments by 21,778.6% during the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock worth $614,938,000 after acquiring an additional 3,406,386 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares in the last quarter. Invesco Ltd. grew its holdings in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Texas Instruments during the 4th quarter worth about $295,665,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $198.35 on Thursday. The firm has a market capitalization of $180.20 billion, a P/E ratio of 37.64, a PEG ratio of 3.22 and a beta of 1.00. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $175.12 and a 200 day moving average price of $182.12. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. Texas Instruments’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

Analysts Set New Price Targets

TXN has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Thursday, June 5th. Stifel Nicolaus dropped their target price on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. UBS Group dropped their target price on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $191.91.

Texas Instruments Company 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.