Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Trimmed by Blair William & Co. IL

Blair William & Co. IL trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% in the first quarter, HoldingsChannel reports. The firm owned 256,424 shares of the semiconductor company’s stock after selling 3,115 shares during the period. Blair William & Co. IL’s holdings in Texas Instruments were worth $44,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilkins Investment Counsel Inc. grew its stake in shares of Texas Instruments by 21.4% in the first quarter. Wilkins Investment Counsel Inc. now owns 53,124 shares of the semiconductor company’s stock worth $9,255,000 after purchasing an additional 9,379 shares in the last quarter. Renasant Bank grew its position in Texas Instruments by 4.2% in the 1st quarter. Renasant Bank now owns 2,915 shares of the semiconductor company’s stock valued at $508,000 after buying an additional 117 shares in the last quarter. Maple Capital Management Inc. grew its position in Texas Instruments by 1.9% in the 1st quarter. Maple Capital Management Inc. now owns 196,590 shares of the semiconductor company’s stock valued at $34,248,000 after buying an additional 3,751 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in Texas Instruments by 114.3% during the 1st quarter. HBK Sorce Advisory LLC now owns 2,842 shares of the semiconductor company’s stock valued at $495,000 after buying an additional 1,516 shares during the period. Finally, Midwest Professional Planners LTD. raised its position in shares of Texas Instruments by 33.8% during the 1st quarter. Midwest Professional Planners LTD. now owns 2,160 shares of the semiconductor company’s stock worth $376,000 after buying an additional 546 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 3.3 %

Shares of NASDAQ TXN traded down $6.77 during mid-day trading on Friday, reaching $199.10. The company had a trading volume of 4,854,605 shares, compared to its average volume of 5,433,531. The stock has a fifty day moving average of $197.05 and a two-hundred day moving average of $178.42. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $210.84. The company has a market capitalization of $181.28 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 4.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the business posted $1.85 EPS. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.61%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s payout ratio is currently 81.12%.

Analyst Ratings Changes

Several brokerages recently commented on TXN. Rosenblatt Securities reissued a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. The Goldman Sachs Group boosted their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Barclays lifted their target price on Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, May 20th. Citigroup upped their price target on shares of Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Monday. Finally, Robert W. Baird raised their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $188.10.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated 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 transaction, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 in the last three months. Corporate insiders own 0.68% of the company’s stock.

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.