Buffington Mohr McNeal Has $597,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Buffington Mohr McNeal lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 53.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,320 shares of the semiconductor company’s stock after selling 3,842 shares during the quarter. Buffington Mohr McNeal’s holdings in Texas Instruments were worth $597,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas increased its holdings in Texas Instruments by 50.4% during the 1st quarter. Teacher Retirement System of Texas now owns 323,073 shares of the semiconductor company’s stock worth $58,056,000 after purchasing an additional 108,203 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Texas Instruments by 6.3% during the first quarter. First Horizon Advisors Inc. now owns 122,866 shares of the semiconductor company’s stock worth $22,079,000 after buying an additional 7,333 shares in the last quarter. Private Trust Co. NA raised its position in Texas Instruments by 4.1% in the 1st quarter. Private Trust Co. NA now owns 7,001 shares of the semiconductor company’s stock valued at $1,258,000 after buying an additional 274 shares during the last quarter. NovaPoint Capital LLC lifted its stake in Texas Instruments by 2.6% in the 1st quarter. NovaPoint Capital LLC now owns 24,379 shares of the semiconductor company’s stock valued at $4,381,000 after acquiring an additional 611 shares in the last quarter. Finally, Rossby Financial LCC boosted its position in Texas Instruments by 85.6% during the 1st quarter. Rossby Financial LCC now owns 2,248 shares of the semiconductor company’s stock worth $404,000 after acquiring an additional 1,037 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TXN shares. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a research note on Wednesday, April 30th. KeyCorp dropped their price target on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. UBS Group lowered their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Argus upgraded shares of Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Barclays downgraded Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $191.49.

Texas Instruments Trading Up 2.4%

Shares of NASDAQ:TXN opened at $215.59 on Thursday. The company has a market capitalization of $195.86 billion, a P/E ratio of 40.91, a P/E/G ratio of 3.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The business’s 50 day simple moving average is $186.36 and its 200 day simple moving average is $182.92. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.52%. Texas Instruments’s dividend payout ratio is currently 103.23%.

Texas Instruments 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.