Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,617 shares of the semiconductor company’s stock after selling 5,434 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Texas Instruments were worth $4,946,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TXN. Promus Capital LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in Texas Instruments in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $28,000. Copia Wealth Management purchased a new position in Texas Instruments in the fourth quarter valued at approximately $30,000. Finally, Atala Financial Inc purchased a new stake in shares of Texas Instruments in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $199.69 on Thursday. The stock’s fifty day simple moving average is $171.02 and its 200 day simple moving average is $182.21. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. 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 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.

Texas Instruments (NASDAQ:TXN) last posted its quarterly 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 business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the business posted $1.10 earnings per share. Texas Instruments’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.72%. Texas Instruments’s dividend payout ratio is presently 103.23%.

Analysts Set New Price Targets

Several brokerages have weighed in on TXN. Truist Financial lowered their target price on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. KeyCorp decreased their price target on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Morgan Stanley reiterated an “underweight” rating and set a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Stifel Nicolaus dropped their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $189.86.

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.