Elk River Wealth Management LLC Sells 330 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Elk River Wealth Management LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% during the 1st quarter, Holdings Channel reports. The firm owned 32,830 shares of the semiconductor company’s stock after selling 330 shares during the quarter. Texas Instruments comprises 1.1% of Elk River Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Elk River Wealth Management LLC’s holdings in Texas Instruments were worth $5,900,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Texas Instruments during the 4th quarter worth about $2,584,490,000. GAMMA Investing LLC lifted its position in Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock worth $614,938,000 after acquiring an additional 3,406,386 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Invesco Ltd. grew its position in shares of Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Texas Instruments during the fourth quarter worth approximately $295,665,000. 84.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TXN shares. Rosenblatt Securities restated a “buy” rating and issued a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus lowered their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $189.41.

Texas Instruments Stock Performance

Texas Instruments stock opened at $192.42 on Friday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a market cap of $174.81 billion, a PE ratio of 37.08, a P/E/G ratio of 3.30 and a beta of 0.97. 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 price is $168.87 and its two-hundred day moving average price is $182.16.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s 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.