Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 28.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 810 shares of the semiconductor company’s stock after selling 315 shares during the quarter. Plato Investment Management Ltd’s holdings in Texas Instruments were worth $141,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TXN. Keudell Morrison Wealth Management boosted its position in shares of Texas Instruments by 1.5% in the first quarter. Keudell Morrison Wealth Management now owns 3,915 shares of the semiconductor company’s stock worth $682,000 after buying an additional 59 shares during the period. Chemistry Wealth Management LLC boosted its position in shares of Texas Instruments by 5.2% in the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock worth $218,000 after buying an additional 62 shares during the period. Field & Main Bank boosted its position in shares of Texas Instruments by 10.4% in the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after buying an additional 65 shares during the period. Guardian Wealth Management Inc. boosted its position in shares of Texas Instruments by 0.6% in the fourth quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock worth $1,873,000 after buying an additional 65 shares during the period. Finally, Buckley Wealth Management LLC boosted its position in Texas Instruments by 1.1% during the first quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after purchasing an additional 65 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXN has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, July 24th. Evercore ISI lifted their price objective on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. KeyCorp boosted their price target on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Barclays boosted their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird boosted their price target on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $198.64.

Texas Instruments Stock Down 5.1 %

Shares of TXN traded down $10.48 during midday trading on Thursday, hitting $193.33. The stock had a trading volume of 7,954,441 shares, compared to its average volume of 5,529,450. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The firm has a market cap of $176.52 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 4.37 and a beta of 0.99. The company has a 50 day simple moving average of $198.16 and a two-hundred day simple moving average of $180.62. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

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

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.69%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

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.