Central Bank & Trust Co. Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Central Bank & Trust Co. trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 14.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,056 shares of the semiconductor company’s stock after selling 339 shares during the quarter. Central Bank & Trust Co.’s holdings in Texas Instruments were worth $369,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its holdings in Texas Instruments by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock valued at $16,212,000 after purchasing an additional 27,251 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $6,544,000. Banque Pictet & Cie SA boosted its stake in shares of 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 acquiring an additional 18,650 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in shares of 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 acquiring an additional 778 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of 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 acquiring an additional 7,500 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $192.42 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a market capitalization of $174.81 billion, a P/E ratio of 37.08, a PEG ratio of 3.30 and a beta of 1.00. The company has a 50 day moving average price of $168.87 and a 200 day moving average price of $181.94. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company posted $1.10 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. 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 is presently 103.23%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TXN shares. Wells Fargo & Company lowered their target price on shares of Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Barclays lowered shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Argus raised shares of Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. Morgan Stanley restated an “underweight” rating and set a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, UBS Group reduced their price target on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Four equities 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.