Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 56.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,711 shares of the semiconductor company’s stock after selling 2,237 shares during the period. Norris Perne & French LLP MI’s holdings in Texas Instruments were worth $308,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after purchasing an additional 4,218 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Texas Instruments during the fourth quarter valued at approximately $6,544,000. Bank Pictet & Cie Europe AG grew its stake in Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company’s stock worth $25,942,000 after buying an additional 17,840 shares during the period. Valmark Advisers Inc. grew its stake in Texas Instruments by 5.5% during the fourth quarter. Valmark Advisers Inc. now owns 2,360 shares of the semiconductor company’s stock worth $443,000 after buying an additional 122 shares during the period. Finally, Truist Financial Corp increased its position in shares of Texas Instruments by 5.6% in the fourth quarter. Truist Financial Corp now owns 248,568 shares of the semiconductor company’s stock worth $46,609,000 after acquiring an additional 13,230 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Citigroup raised their price objective on Texas Instruments from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Summit Insights cut Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. UBS Group decreased their target price on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Barclays downgraded Texas Instruments from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $191.91.

Texas Instruments Trading Up 0.3%

TXN opened at $198.35 on Thursday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The stock has a market capitalization of $180.20 billion, a PE ratio of 37.64, a P/E/G ratio of 3.22 and a beta of 1.00. The firm’s fifty day moving average price is $175.12 and its 200 day moving average price is $182.12.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The company’s revenue was up 11.1% on a year-over-year basis. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

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.