Freestone Capital Holdings LLC Trims Holdings in Texas Instruments Incorporated (TXN)

Freestone Capital Holdings LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 12.9% in the first quarter, HoldingsChannel.com reports. The firm owned 74,115 shares of the semiconductor company’s stock after selling 10,980 shares during the period. Freestone Capital Holdings LLC’s holdings in Texas Instruments were worth $7,861,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TXN. Cordasco Financial Network bought a new position in shares of Texas Instruments during the first quarter valued at about $27,000. CX Institutional lifted its position in shares of Texas Instruments by 95.9% during the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 140 shares in the last quarter. Farmers National Bank bought a new position in shares of Texas Instruments during the first quarter valued at about $35,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at about $40,000. Finally, Essex Savings Bank bought a new position in shares of Texas Instruments during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 85.39% of the company’s stock.

A number of research firms recently weighed in on TXN. Longbow Research lowered shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price target on the stock. in a research report on Wednesday, April 17th. Nomura began coverage on shares of Texas Instruments in a research report on Tuesday, May 7th. They set a “neutral” rating and a $106.00 price target on the stock. Robert W. Baird reissued a “hold” rating and set a $97.00 price target on shares of Texas Instruments in a research report on Tuesday, February 5th. Rosenblatt Securities reissued a “buy” rating and set a $120.00 price target on shares of Texas Instruments in a research report on Monday, April 22nd. Finally, BidaskClub lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $111.18.

In other news, Chairman Richard K. Templeton sold 475,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $117.38, for a total value of $55,755,500.00. Following the sale, the chairman now owns 930,287 shares of the company’s stock, valued at $109,197,088.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bing Xie sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $116.75, for a total transaction of $2,335,000.00. Following the completion of the sale, the insider now directly owns 53,934 shares in the company, valued at approximately $6,296,794.50. The disclosure for this sale can be found here. In the last three months, insiders sold 879,332 shares of company stock worth $103,024,864. Insiders own 0.89% of the company’s stock.

Shares of TXN stock opened at $105.06 on Monday. The stock has a market capitalization of $98.57 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 2.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $119.32.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is currently 56.83%.

COPYRIGHT VIOLATION WARNING: “Freestone Capital Holdings LLC Trims Holdings in Texas Instruments Incorporated (TXN)” was first posted by WKRB News and is the sole property of of WKRB News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.wkrb13.com/2019/05/27/freestone-capital-holdings-llc-trims-holdings-in-texas-instruments-incorporated-txn.html.

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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

See Also: How to identify percentage decliners

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.