Princeton Global Asset Management LLC Sells 699 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Princeton Global Asset Management LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,880 shares of the semiconductor company’s stock after selling 699 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Texas Instruments were worth $697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Promus Capital LLC bought a new position in Texas Instruments during the 4th quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at about $28,000. Copia Wealth Management purchased a new position in Texas Instruments during the fourth quarter worth about $30,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments during the fourth quarter worth about $37,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Up 1.0%

Shares of NASDAQ:TXN opened at $192.42 on Friday. The firm has a fifty day moving average price of $168.87 and a two-hundred day moving average price of $182.16. The company has a market cap of $174.81 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. Analysts anticipate 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 issued a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. Texas Instruments’s payout ratio is currently 103.23%.

Analysts Set New Price Targets

Several equities analysts have commented on TXN shares. Rosenblatt Securities reissued a “buy” rating and set a $216.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Sanford C. Bernstein raised Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday. Benchmark dropped their price target on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price on the stock in a research note on Friday, April 25th. Finally, Stifel Nicolaus dropped their price target on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research report 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 given a strong buy rating to the stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $189.41.

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.