Ropes Wealth Advisors LLC Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Ropes Wealth Advisors LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the first quarter, Holdings Channel reports. The firm owned 10,192 shares of the semiconductor company’s stock after selling 88 shares during the period. Ropes Wealth Advisors LLC’s holdings in Texas Instruments were worth $1,867,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Atlas Private Wealth Advisors lifted its position in Texas Instruments by 512.5% during the 1st quarter. Atlas Private Wealth Advisors now owns 147 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 123 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in Texas Instruments during the 4th quarter worth approximately $30,000. TRU Independence Asset Management 2 LLC acquired a new position in Texas Instruments during the 4th quarter worth approximately $30,000. Curi Capital acquired a new position in Texas Instruments during the 4th quarter worth approximately $30,000. Finally, Encompass Wealth Advisors LLC acquired a new position in Texas Instruments during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 83.00% of the company’s stock.

Several research firms recently commented on TXN. Mizuho boosted their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 28th. KeyCorp upped their target price on Texas Instruments from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, April 28th. Stifel Nicolaus upped their target price on Texas Instruments from $170.00 to $190.00 and gave the company a “hold” rating in a research report on Thursday, April 15th. Susquehanna Bancshares upped their target price on Texas Instruments from $200.00 to $220.00 and gave the company a “positive” rating in a research report on Wednesday, April 28th. Finally, Raymond James raised Texas Instruments from a “market perform” rating to an “outperform” rating and set a $220.00 target price on the stock in a research report on Tuesday, February 23rd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $189.23.

Shares of Texas Instruments stock traded up $0.02 during trading on Friday, hitting $188.02. The stock had a trading volume of 24,123 shares, compared to its average volume of 4,711,128. The company has a debt-to-equity ratio of 0.61, a quick ratio of 5.01 and a current ratio of 6.12. The stock has a market capitalization of $173.64 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 2.75 and a beta of 1.04. The firm’s fifty day simple moving average is $187.21. Texas Instruments Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $197.58.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 27th. The semiconductor company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.56 by $0.31. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $3.98 billion. Texas Instruments had a return on equity of 69.92% and a net margin of 40.04%. Texas Instruments’s revenue was up 28.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 7.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 17th. Investors of record on Monday, May 3rd were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.17%. The ex-dividend date was Friday, April 30th. Texas Instruments’s dividend payout ratio is currently 68.34%.

About Texas Instruments

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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