Lcnb Corp reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,864 shares of the semiconductor company’s stock after selling 126 shares during the period. Lcnb Corp’s holdings in Texas Instruments were worth $286,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of TXN. Orser Capital Management LLC boosted its position in shares of Texas Instruments by 36.4% during the fourth quarter. Orser Capital Management LLC now owns 2,210 shares of the semiconductor company’s stock valued at $282,000 after purchasing an additional 590 shares in the last quarter. Arizona State Retirement System lifted its position in Texas Instruments by 0.9% during the fourth quarter. Arizona State Retirement System now owns 215,057 shares of the semiconductor company’s stock valued at $27,590,000 after buying an additional 1,936 shares during the period. Raub Brock Capital Management LP boosted its holdings in shares of Texas Instruments by 2.6% during the 4th quarter. Raub Brock Capital Management LP now owns 183,130 shares of the semiconductor company’s stock valued at $23,494,000 after buying an additional 4,648 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Texas Instruments by 1.0% in the 4th quarter. Venturi Wealth Management LLC now owns 9,517 shares of the semiconductor company’s stock worth $1,221,000 after buying an additional 92 shares during the period. Finally, CWM LLC grew its position in shares of Texas Instruments by 12.4% in the 4th quarter. CWM LLC now owns 17,386 shares of the semiconductor company’s stock worth $2,230,000 after buying an additional 1,924 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.
TXN has been the topic of several research reports. UBS Group boosted their price objective on shares of Texas Instruments from $109.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Rosenblatt Securities dropped their price target on Texas Instruments from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Citigroup reduced their price objective on Texas Instruments from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Royal Bank of Canada dropped their target price on Texas Instruments from $135.00 to $125.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 22nd. Finally, Morgan Stanley reduced their price target on Texas Instruments from $101.00 to $94.00 and set an “underweight” rating for the company in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $123.13.
NASDAQ:TXN traded up $3.89 during trading hours on Tuesday, reaching $117.32. The company had a trading volume of 2,177,549 shares, compared to its average volume of 4,750,313. The firm has a market cap of $107.49 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 3.03 and a beta of 1.16. The company has a current ratio of 3.49, a quick ratio of 2.65 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average price is $111.25 and its 200-day moving average price is $118.48. Texas Instruments Incorporated has a 52 week low of $93.09 and a 52 week high of $135.70.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.23. Texas Instruments had a return on equity of 57.45% and a net margin of 35.17%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the business posted $1.26 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 4.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 4th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.60 annualized dividend and a yield of 3.07%. Texas Instruments’s payout ratio is 68.70%.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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