Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,697 shares of the semiconductor company’s stock after selling 684 shares during the period. Leavell Investment Management Inc.’s holdings in Texas Instruments were worth $5,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC lifted its position in Texas Instruments by 33.6% in the 1st quarter. V Square Quantitative Management LLC now owns 14,853 shares of the semiconductor company’s stock valued at $2,588,000 after purchasing an additional 3,732 shares during the last quarter. Berkshire Bank raised its holdings in shares of Texas Instruments by 8.5% during the first quarter. Berkshire Bank now owns 9,620 shares of the semiconductor company’s stock valued at $1,676,000 after buying an additional 756 shares during the last quarter. Trinity Legacy Partners LLC grew its holdings in Texas Instruments by 6.3% in the 1st quarter. Trinity Legacy Partners LLC now owns 2,155 shares of the semiconductor company’s stock worth $375,000 after buying an additional 127 shares in the last quarter. Simplicity Wealth LLC increased its position in Texas Instruments by 548.3% in the 1st quarter. Simplicity Wealth LLC now owns 22,794 shares of the semiconductor company’s stock valued at $3,971,000 after acquiring an additional 19,278 shares during the period. Finally, Archford Capital Strategies LLC raised its stake in Texas Instruments by 2.0% during the 1st quarter. Archford Capital Strategies LLC now owns 15,962 shares of the semiconductor company’s stock valued at $2,781,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Down 2.6 %

Shares of NASDAQ TXN traded down $5.25 during trading hours on Thursday, hitting $197.29. The stock had a trading volume of 7,124,537 shares, compared to its average volume of 5,659,055. The firm’s 50-day moving average price is $176.10 and its two-hundred day moving average price is $167.16. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $203.62. The company has a market capitalization of $179.63 billion, a P/E ratio of 31.60, a P/E/G ratio of 4.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company 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 35.28%. Texas Instruments’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.85 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.64%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity

In related news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

TXN has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday. Morgan Stanley raised their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. TD Cowen upped their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Robert W. Baird lifted their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, Susquehanna upped their price objective on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $182.48.

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.