DB Fitzpatrick & Co Inc Sells 6,440 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

DB Fitzpatrick & Co Inc cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 91.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 625 shares of the semiconductor company’s stock after selling 6,440 shares during the period. DB Fitzpatrick & Co Inc’s holdings in Texas Instruments were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after buying an additional 536,206 shares during the period. Capital Research Global Investors increased its holdings in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after acquiring an additional 1,279,828 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after purchasing an additional 1,154,513 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after purchasing an additional 1,095,303 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Texas Instruments in the fourth quarter worth $1,649,592,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 3.2 %

TXN traded up $6.32 during midday trading on Thursday, reaching $201.93. 5,073,795 shares of the company’s stock traded hands, compared to its average volume of 5,531,069. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $210.84. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The firm has a fifty day moving average of $196.95 and a two-hundred day moving average of $182.17. The stock has a market capitalization of $184.37 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 4.18 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.87 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TXN. Mizuho lifted their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price for the company. Barclays raised their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Jefferies Financial Group raised their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $198.64.

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.