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.
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%.
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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.
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