First Affirmative Financial Network Trims Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First Affirmative Financial Network trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,827 shares of the semiconductor company’s stock after selling 157 shares during the period. First Affirmative Financial Network’s holdings in Texas Instruments were worth $508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. Mizuho Securities USA LLC increased its holdings in Texas Instruments by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock worth $16,212,000 after purchasing an additional 27,251 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Texas Instruments during the 4th quarter worth $6,544,000. Banque Pictet & Cie SA increased its holdings in Texas Instruments by 0.9% during the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company’s stock worth $412,086,000 after purchasing an additional 18,650 shares during the period. Nicholas Hoffman & Company LLC. increased its holdings in Texas Instruments by 17.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock worth $961,000 after purchasing an additional 778 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Texas Instruments by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock worth $67,276,000 after purchasing an additional 7,500 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 1.0%

Shares of NASDAQ:TXN opened at $192.42 on Friday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The business’s fifty day simple moving average is $168.87 and its 200-day simple moving average is $182.16. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $174.81 billion, a PE ratio of 37.08, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $1.10 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.83%. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

Analyst Ratings Changes

Several research analysts have commented on the company. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Morgan Stanley restated an “underweight” rating and set a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Benchmark reduced their price objective on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Citigroup reduced their price objective on Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Finally, Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective on the stock in a report on Monday, April 7th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.