Sentry Investment Management LLC Sells 690 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sentry Investment Management LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 49.1% during the first quarter, Holdings Channel.com reports. The firm owned 714 shares of the semiconductor company’s stock after selling 690 shares during the quarter. Sentry Investment Management LLC’s holdings in Texas Instruments were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its position in shares of 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 acquiring an additional 27,251 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Texas Instruments during the fourth quarter worth approximately $6,544,000. Banque Pictet & Cie SA increased its stake in 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 during the period. Nicholas Hoffman & Company LLC. raised its holdings in Texas Instruments by 17.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock valued at $961,000 after acquiring an additional 778 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. lifted its position in shares of Texas Instruments by 16.4% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 66,780 shares of the semiconductor company’s stock valued at $12,522,000 after acquiring an additional 9,430 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on TXN shares. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Seaport Res Ptn raised shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Summit Insights cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Truist Financial cut their price target on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Finally, KeyCorp decreased their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $189.41.

Texas Instruments Stock Performance

Shares of TXN stock opened at $190.72 on Thursday. The firm has a market capitalization of $173.26 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $168.37 and its 200-day moving average price is $182.34. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its earnings results 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 for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.85%. Texas Instruments’s dividend payout ratio is 103.23%.

About Texas Instruments

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.