Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,799 shares of the semiconductor company’s stock after selling 1,179 shares during the quarter. CENTRAL TRUST Co’s holdings in Texas Instruments were worth $2,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments in the first quarter valued at about $34,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Down 0.8%

NASDAQ:TXN opened at $197.69 on Wednesday. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $174.54 and its two-hundred day moving average is $182.01. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a market cap of $179.60 billion, a PE ratio of 37.51, a P/E/G ratio of 3.24 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the business posted $1.10 EPS. Texas Instruments’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TXN shares. Benchmark lowered their target price on Texas Instruments from $230.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Barclays lowered Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Summit Insights lowered Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company increased their target price on Texas Instruments from $175.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $190.55.

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.