Bruderman Asset Management LLC trimmed its position in shares of Texas Instruments (NASDAQ:TXN) by 14.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,240 shares of the semiconductor company’s stock after selling 2,853 shares during the quarter. Bruderman Asset Management LLC’s holdings in Texas Instruments were worth $1,791,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Schwartz Investment Counsel Inc. boosted its stake in shares of Texas Instruments by 85.0% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 163,200 shares of the semiconductor company’s stock valued at $16,955,000 after buying an additional 75,000 shares during the period. Dubuque Bank & Trust Co. lifted its stake in Texas Instruments by 31.2% during the first quarter. Dubuque Bank & Trust Co. now owns 88,600 shares of the semiconductor company’s stock worth $9,204,000 after purchasing an additional 21,076 shares during the last quarter. Franklin Resources Inc. lifted its stake in Texas Instruments by 26.5% during the first quarter. Franklin Resources Inc. now owns 11,709,967 shares of the semiconductor company’s stock worth $1,216,549,000 after purchasing an additional 2,450,531 shares during the last quarter. Gamble Jones Investment Counsel lifted its stake in Texas Instruments by 8.5% during the first quarter. Gamble Jones Investment Counsel now owns 163,311 shares of the semiconductor company’s stock worth $16,966,000 after purchasing an additional 12,782 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its stake in Texas Instruments by 21.8% during the first quarter. First Republic Investment Management Inc. now owns 137,769 shares of the semiconductor company’s stock worth $14,313,000 after purchasing an additional 24,689 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.
Texas Instruments opened at $111.56 on Friday, MarketBeat Ratings reports. The company has a market capitalization of $108.42 billion, a PE ratio of 26.07, a P/E/G ratio of 2.16 and a beta of 1.25. The company has a current ratio of 4.62, a quick ratio of 3.53 and a debt-to-equity ratio of 0.34. Texas Instruments has a 12-month low of $75.92 and a 12-month high of $120.75.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.10. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.65 billion. Texas Instruments had a return on equity of 43.73% and a net margin of 26.39%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. equities analysts predict that Texas Instruments will post 5.34 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Monday, May 7th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Friday, May 4th. Texas Instruments’s payout ratio is currently 57.94%.
In other news, insider Kevin J. Ritchie sold 52,698 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $110.17, for a total value of $5,805,738.66. Following the transaction, the insider now owns 172,545 shares of the company’s stock, valued at $19,009,282.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Niels Anderskouv sold 20,191 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $110.13, for a total value of $2,223,634.83. Following the completion of the transaction, the vice president now directly owns 110,187 shares in the company, valued at approximately $12,134,894.31. The disclosure for this sale can be found here. In the last three months, insiders sold 175,484 shares of company stock worth $19,325,083. Corporate insiders own 0.84% of the company’s stock.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 11th. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. DZ Bank upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. Morgan Stanley boosted their target price on Texas Instruments from $101.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 25th. Finally, Royal Bank of Canada restated a “buy” rating and set a $125.00 target price on shares of Texas Instruments in a research note on Wednesday, April 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $113.36.
About Texas Instruments
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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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