Sandhill Capital Partners LLC Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sandhill Capital Partners LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,928 shares of the semiconductor company’s stock after selling 1,665 shares during the period. Sandhill Capital Partners LLC’s holdings in Texas Instruments were worth $3,567,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TXN. Founders Financial Securities LLC increased its stake in Texas Instruments by 4.5% in the 3rd quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock worth $554,000 after buying an additional 150 shares in the last quarter. Meridian Wealth Management LLC increased its stake in Texas Instruments by 4.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock worth $757,000 after buying an additional 207 shares in the last quarter. Private Trust Co. NA increased its stake in Texas Instruments by 1.1% in the 3rd quarter. Private Trust Co. NA now owns 7,976 shares of the semiconductor company’s stock worth $1,268,000 after buying an additional 87 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Texas Instruments by 38.2% during the third quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock valued at $8,609,000 after purchasing an additional 14,965 shares in the last quarter. Finally, Capital Asset Advisory Services LLC grew its position in shares of Texas Instruments by 4.7% during the third quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 75 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TXN. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday. Robert W. Baird lifted their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Barclays dropped their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, Evercore ISI boosted their target price on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Stock Up 0.3 %

NASDAQ TXN traded up $0.44 on Thursday, hitting $175.25. The stock had a trading volume of 9,129,091 shares, compared to its average volume of 5,711,318. The business’s fifty day moving average price is $168.66 and its 200 day moving average price is $161.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The stock has a market cap of $159.49 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.97%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

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.