Archford Capital Strategies LLC Trims Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Archford Capital Strategies LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 47.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,903 shares of the semiconductor company’s stock after selling 7,227 shares during the quarter. Archford Capital Strategies LLC’s holdings in Texas Instruments were worth $1,420,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Mizuho Securities USA LLC boosted its stake in shares of Texas Instruments by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock valued at $16,212,000 after purchasing an additional 27,251 shares during the period. Mn Services Vermogensbeheer B.V. grew its stake in shares of Texas Instruments by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock worth $67,276,000 after acquiring an additional 7,500 shares in the last quarter. Brighton Jones LLC increased its position in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. JARISLOWSKY FRASER Ltd raised its stake in shares of Texas Instruments by 7.4% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company’s stock valued at $448,000 after acquiring an additional 165 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Texas Instruments by 6.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 61,480 shares of the semiconductor company’s stock worth $11,528,000 after acquiring an additional 3,891 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 2.2%

Shares of TXN opened at $205.81 on Wednesday. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year 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 firm has a 50 day simple moving average of $179.07 and a 200-day simple moving average of $182.15. The stock has a market cap of $186.97 billion, a price-to-earnings ratio of 39.05, a price-to-earnings-growth ratio of 3.28 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.64%. Texas Instruments’s payout ratio is 103.23%.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of recent analyst reports. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Monday, April 7th. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Morgan Stanley reissued an “underweight” rating and set a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Summit Insights downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Stifel Nicolaus lowered their target price on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $190.55.

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.