Davis R M Inc. Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Davis R M Inc. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,249 shares of the semiconductor company’s stock after selling 105 shares during the period. Davis R M Inc.’s holdings in Texas Instruments were worth $1,065,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the fourth quarter worth $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Texas Instruments in the 4th quarter worth about $31,000. Finally, AMH Equity Ltd purchased a new stake in Texas Instruments during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Evercore ISI upped their target price on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Susquehanna boosted their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Morgan Stanley increased their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Finally, Citigroup raised their target price on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $182.48.

Texas Instruments Trading Up 2.0 %

Texas Instruments stock traded up $4.05 during trading on Wednesday, hitting $203.06. The company had a trading volume of 5,654,495 shares, compared to its average volume of 5,607,940. The stock has a market cap of $184.88 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 4.28 and a beta of 1.01. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $203.62. The company’s 50 day simple moving average is $175.50 and its 200-day simple moving average is $166.91.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. As a group, analysts expect that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,969 shares of company stock worth $58,427,984. Corporate insiders own 0.68% of the company’s stock.

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.