Lynch & Associates IN Sells 442 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Lynch & Associates IN trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 27,084 shares of the semiconductor company’s stock after selling 442 shares during the period. Lynch & Associates IN’s holdings in Texas Instruments were worth $4,867,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Gerber Kawasaki Wealth & Investment Management increased its position in shares of Texas Instruments by 1.8% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock worth $598,000 after purchasing an additional 56 shares in the last quarter. Voya Financial Advisors Inc. increased its position in shares of Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock worth $686,000 after purchasing an additional 58 shares in the last quarter. Dunhill Financial LLC increased its position in shares of Texas Instruments by 3.7% during the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 61 shares in the last quarter. Prestige Wealth Management Group LLC increased its position in Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock valued at $327,000 after acquiring an additional 62 shares in the last quarter. Finally, Main Street Research LLC increased its position in Texas Instruments by 3.1% in the 4th quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company’s stock valued at $396,000 after acquiring an additional 63 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TXN. Argus upgraded shares of Texas Instruments to a “strong-buy” rating in a research report on Friday, April 25th. Rosenblatt Securities restated a “buy” rating and issued a $216.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Barclays cut shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. 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. Finally, Sanford C. Bernstein upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 5th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $190.55.

Texas Instruments Stock Up 2.2%

Texas Instruments stock opened at $199.22 on Tuesday. The company’s 50 day simple moving average is $173.98 and its 200 day simple moving average is $181.90. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The firm has a market capitalization of $180.99 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 3.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $1.10 EPS. Texas Instruments’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend 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.