Moran Wealth Management LLC Has $22.78 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Moran Wealth Management LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the first quarter, HoldingsChannel reports. The fund owned 126,787 shares of the semiconductor company’s stock after selling 1,960 shares during the period. Texas Instruments comprises about 0.8% of Moran Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Moran Wealth Management LLC’s holdings in Texas Instruments were worth $22,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in Texas Instruments in the 4th quarter valued at $25,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at about $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments in the 4th quarter valued at about $30,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Texas Instruments in the 1st quarter valued at about $34,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TXN. Morgan Stanley reissued an “underweight” rating and issued a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Citigroup lifted their target price on shares of Texas Instruments from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, June 9th. JPMorgan Chase & Co. reduced their target price on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Mizuho set a $170.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Barclays downgraded shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $190.55.

Texas Instruments Trading Up 1.6%

NASDAQ:TXN opened at $201.39 on Tuesday. The firm’s fifty day moving average is $177.98 and its 200-day moving average is $181.98. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The firm has a market cap of $182.96 billion, a P/E ratio of 38.21, a P/E/G ratio of 3.23 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for 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%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors 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 2.70%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 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.