TCI Wealth Advisors Inc. Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

TCI Wealth Advisors Inc. reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,175 shares of the semiconductor company’s stock after selling 406 shares during the period. TCI Wealth Advisors Inc.’s holdings in Texas Instruments were worth $930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in Texas Instruments during the 4th quarter worth $25,000. Summit Securities Group LLC acquired a new stake in Texas Instruments in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in 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. acquired a new position in Texas Instruments during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on TXN shares. Citigroup raised their price target on Texas Instruments from $210.00 to $220.00 and gave the company a “buy” rating in a report on Monday, June 9th. TD Securities reiterated a “hold” rating and issued a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Mizuho set a $170.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Cantor Fitzgerald upped their price target on shares of Texas Instruments from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, UBS Group cut their price target on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Four 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $191.91.

Texas Instruments Price Performance

TXN stock opened at $198.35 on Thursday. The stock’s 50 day moving average price is $175.12 and its 200 day moving average price is $182.12. The firm has a market cap of $180.20 billion, a P/E ratio of 37.64, a PEG ratio of 3.22 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. 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 data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 earnings per share. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

About Texas Instruments

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.