Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Ropes Wealth Advisors LLC

Ropes Wealth Advisors LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,192 shares of the semiconductor company’s stock after selling 88 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Texas Instruments were worth $1,867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ritholtz Wealth Management increased its holdings in Texas Instruments by 22.2% in the 1st quarter. Ritholtz Wealth Management now owns 4,581 shares of the semiconductor company’s stock worth $866,000 after acquiring an additional 832 shares in the last quarter. E Fund Management Co. Ltd. purchased a new stake in shares of Texas Instruments during the first quarter worth $4,060,000. Linscomb & Williams Inc. grew its holdings in shares of Texas Instruments by 2.7% during the first quarter. Linscomb & Williams Inc. now owns 52,040 shares of the semiconductor company’s stock worth $9,835,000 after buying an additional 1,346 shares in the last quarter. Brinker Capital Investments LLC grew its holdings in shares of Texas Instruments by 176.9% during the first quarter. Brinker Capital Investments LLC now owns 128,957 shares of the semiconductor company’s stock worth $24,372,000 after buying an additional 82,377 shares in the last quarter. Finally, Enlightenment Research LLC purchased a new stake in shares of Texas Instruments during the first quarter worth $472,000. 83.00% of the stock is owned by institutional investors.

TXN has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of Texas Instruments from $206.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Truist upped their target price on shares of Texas Instruments from $184.00 to $200.00 in a report on Wednesday, April 28th. Susquehanna Bancshares upped their price objective on shares of Texas Instruments from $200.00 to $220.00 and gave the company a “positive” rating in a report on Wednesday, April 28th. Oppenheimer upped their price objective on shares of Texas Instruments from $185.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 15th. Finally, Citigroup upped their price objective on shares of Texas Instruments from $201.00 to $215.00 in a report on Wednesday, April 28th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $189.23.

NASDAQ:TXN traded up $0.02 during mid-day trading on Friday, hitting $188.02. The stock had a trading volume of 24,123 shares, compared to its average volume of 4,711,128. The firm’s 50-day simple moving average is $187.21. The company has a market capitalization of $173.64 billion, a P/E ratio of 28.48, a PEG ratio of 2.75 and a beta of 1.04. Texas Instruments Incorporated has a twelve month low of $120.80 and a twelve month high of $197.58. The company has a quick ratio of 5.01, a current ratio of 6.12 and a debt-to-equity ratio of 0.61.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.31. The firm had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Texas Instruments had a net margin of 40.04% and a return on equity of 69.92%. The firm’s revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 7.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 17th. Shareholders of record on Monday, May 3rd were paid a $1.02 dividend. The ex-dividend date of this dividend was Friday, April 30th. This represents a $4.08 annualized dividend and a yield of 2.17%. Texas Instruments’s dividend payout ratio is currently 68.34%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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