Howard Capital Management Inc. Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Howard Capital Management Inc. lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,036 shares of the semiconductor company’s stock after selling 3,393 shares during the quarter. Howard Capital Management Inc.’s holdings in Texas Instruments were worth $4,319,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TXN. Cloud Capital Management LLC purchased a new stake in Texas Instruments in the 1st quarter worth approximately $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments during the fourth quarter worth $30,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments during the first quarter worth $34,000. Park Square Financial Group LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $41,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Texas Instruments in the first quarter valued at $42,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of research analyst reports. Baird R W raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Truist Financial raised their target price on shares of Texas Instruments from $171.00 to $196.00 and gave the stock a “hold” rating in a research report on Wednesday, July 23rd. TD Cowen lowered their target price on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Wolfe Research raised shares of Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective for the company in a research note on Monday. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $212.21.

Texas Instruments Price Performance

TXN opened at $191.38 on Wednesday. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The firm has a market cap of $173.86 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 3.10 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $200.37 and a 200 day simple moving average of $185.46.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the prior year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.84%. Texas Instruments’s dividend payout ratio (DPR) is presently 99.63%.

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.