Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 22,612 shares of the semiconductor company’s stock after selling 91 shares during the period. Ballentine Partners LLC’s holdings in Texas Instruments were worth $4,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mizuho Securities USA LLC increased its stake in Texas Instruments by 46.0% during the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock worth $16,212,000 after acquiring an additional 27,251 shares during the last quarter. Brighton Jones LLC increased its stake in 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 last quarter. JARISLOWSKY FRASER Ltd increased its stake in Texas Instruments by 7.4% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company’s stock worth $448,000 after acquiring an additional 165 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Texas Instruments by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company’s stock worth $89,050,000 after acquiring an additional 11,057 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Texas Instruments by 21.8% during the first quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company’s stock worth $3,422,000 after acquiring an additional 3,402 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.7%

Texas Instruments stock opened at $221.25 on Friday. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. 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 cap of $201.00 billion, a PE ratio of 41.98, a P/E/G ratio of 3.58 and a beta of 1.03. The stock’s fifty day moving average is $194.11 and its two-hundred day moving average is $184.31.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the firm earned $1.10 earnings per share. Texas Instruments’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal 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 paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TXN. Mizuho raised their target price on Texas Instruments from $170.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday. Arete Research upgraded Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. Cantor Fitzgerald lowered their price target on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Arete started coverage on Texas Instruments in a research report on Thursday, June 26th. They set a “neutral” rating and a $203.80 price target for the company. Finally, Truist Financial lowered their price target on Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $202.08.

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.