Texas Instruments Incorporated (NASDAQ:TXN) Stake Reduced by Beacon Financial Group

Beacon Financial Group trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,404 shares of the semiconductor company’s stock after selling 1,739 shares during the quarter. Beacon Financial Group’s holdings in Texas Instruments were worth $5,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of 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 purchasing an additional 4,218 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $6,544,000. Spire Wealth Management boosted its stake in Texas Instruments by 1.8% in the 4th quarter. Spire Wealth Management now owns 4,193 shares of the semiconductor company’s stock valued at $786,000 after purchasing an additional 73 shares during the period. Calamos Wealth Management LLC boosted its stake in Texas Instruments by 6.5% in the 4th quarter. Calamos Wealth Management LLC now owns 1,893 shares of the semiconductor company’s stock valued at $355,000 after purchasing an additional 116 shares during the period. Finally, Avitas Wealth Management LLC lifted its position in shares of Texas Instruments by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock valued at $2,032,000 after acquiring an additional 59 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on TXN shares. DZ Bank raised Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price for the company in a report on Friday, April 25th. Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Monday, April 7th. Seaport Res Ptn upgraded Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Morgan Stanley reissued an “underweight” rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Baird R W raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $189.41.

Texas Instruments Trading Up 1.4%

Shares of TXN stock opened at $190.72 on Thursday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $168.37 and a two-hundred day moving average price of $182.34. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The firm has a market cap of $173.26 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm 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 company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. Equities 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. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.85%. Texas Instruments’s dividend payout ratio is presently 103.23%.

Texas Instruments Company 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.