Trust Co. of Toledo NA OH Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Trust Co. of Toledo NA OH lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,740 shares of the semiconductor company’s stock after selling 114 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Texas Instruments were worth $1,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Promus Capital LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $25,000. Summit Securities Group LLC purchased a new stake in Texas Instruments during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments during the 4th quarter valued at approximately $28,000. Copia Wealth Management purchased a new position in shares of Texas Instruments in the fourth quarter worth $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments during the first quarter valued at $34,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $195.00 on Friday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The business’s 50 day moving average is $172.92 and its two-hundred day moving average is $182.03. The company has a market capitalization of $177.15 billion, a P/E ratio of 37.57, a P/E/G ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.91 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue was up 11.1% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.79%. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TXN shares. Wells Fargo & Company reduced their target price on Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. KeyCorp decreased their target price on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. TD Securities reiterated a “hold” rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Stifel Nicolaus decreased their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $189.86.

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.