Farmers & Merchants Investments Inc. Reduces Position in Texas Instruments Incorporated (NASDAQ:TXN)

Farmers & Merchants Investments Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 103,890 shares of the semiconductor company’s stock after selling 2,377 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Texas Instruments were worth $18,669,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TXN. Gerber Kawasaki Wealth & Investment Management lifted its holdings in Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock worth $598,000 after buying an additional 56 shares during the period. Voya Financial Advisors Inc. lifted its holdings in Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock worth $686,000 after buying an additional 58 shares during the period. Dunhill Financial LLC lifted its holdings in Texas Instruments by 3.7% during the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company’s stock worth $320,000 after buying an additional 61 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in Texas Instruments by 3.7% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock worth $327,000 after buying an additional 62 shares during the period. Finally, Main Street Research LLC lifted its holdings in Texas Instruments by 3.1% during the fourth quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company’s stock worth $396,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 2.3%

TXN stock opened at $195.00 on Friday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The stock has a market cap of $177.15 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 3.30 and a beta of 1.00. The business’s 50-day moving average is $172.92 and its 200 day moving average is $182.15.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s payout ratio is 103.23%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of analyst reports. KeyCorp lowered their target price on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. TD Securities reiterated a “hold” rating and set a $160.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Mizuho set a $170.00 price objective on Texas Instruments in a report on Thursday, April 24th. Stifel Nicolaus decreased their price objective on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Finally, Seaport Res Ptn upgraded Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $189.86.

Texas Instruments Company 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.