Sapient Capital LLC Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Sapient Capital LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 88.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,838 shares of the semiconductor company’s stock after selling 163,066 shares during the period. Sapient Capital LLC’s holdings in Texas Instruments were worth $3,745,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Greenwood Capital Associates LLC grew its stake in Texas Instruments by 60.6% during the 1st quarter. Greenwood Capital Associates LLC now owns 41,544 shares of the semiconductor company’s stock valued at $7,465,000 after acquiring an additional 15,674 shares in the last quarter. Fifth Third Bancorp grew its stake in Texas Instruments by 1.2% during the 1st quarter. Fifth Third Bancorp now owns 472,379 shares of the semiconductor company’s stock valued at $84,887,000 after acquiring an additional 5,791 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in Texas Instruments by 21.6% in the 1st quarter. Simon Quick Advisors LLC now owns 6,428 shares of the semiconductor company’s stock valued at $1,155,000 after purchasing an additional 1,141 shares during the last quarter. Zhang Financial LLC acquired a new position in Texas Instruments in the 1st quarter valued at about $491,000. Finally, McKinley Carter Wealth Services Inc. boosted its holdings in Texas Instruments by 2.3% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 12,299 shares of the semiconductor company’s stock valued at $2,210,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN opened at $199.69 on Thursday. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The firm’s fifty day simple moving average is $171.02 and its 200-day simple moving average is $182.21. The firm has a market capitalization of $181.41 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 3.30 and a beta of 1.00. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating 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 business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $1.10 EPS. The company’s revenue was up 11.1% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TXN shares. UBS Group decreased their target price on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Truist Financial decreased their target price on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Argus upgraded shares of Texas Instruments to a “strong-buy” rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $189.86.

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.