Cottonwood Capital Advisors LLC Sells 222 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cottonwood Capital Advisors LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,018 shares of the semiconductor company’s stock after selling 222 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in Texas Instruments were worth $363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Promus Capital LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at $25,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $28,000. Copia Wealth Management acquired a new position in Texas Instruments during the 4th quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. bought a new position in Texas Instruments in the 1st quarter valued at approximately $34,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. KeyCorp lowered their price target on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Stifel Nicolaus cut their price target on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. TD Securities reaffirmed a “hold” rating and issued a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Truist Financial cut their target price on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $190.96.

Texas Instruments Stock Down 0.2%

TXN stock opened at $205.38 on Thursday. The firm has a market capitalization of $186.58 billion, a PE ratio of 38.97, a P/E/G ratio of 3.35 and a beta of 1.00. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The stock’s 50 day moving average is $180.24 and its 200-day moving average is $182.31.

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

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.65%. Texas Instruments’s payout ratio is presently 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.