Angeles Investment Advisors LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,546 shares of the semiconductor company’s stock after selling 150 shares during the period. Angeles Investment Advisors LLC’s holdings in Texas Instruments were worth $481,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Atlas Private Wealth Advisors boosted its holdings in shares of Texas Instruments by 512.5% in the first quarter. Atlas Private Wealth Advisors now owns 147 shares of the semiconductor company’s stock worth $28,000 after buying an additional 123 shares during the period. TRU Independence Asset Management 2 LLC acquired a new position in shares of Texas Instruments in the fourth quarter worth about $30,000. Curi Capital acquired a new position in shares of Texas Instruments in the fourth quarter worth about $30,000. Encompass Wealth Advisors LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth approximately $30,000. Finally, Retirement Group LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth approximately $31,000. Institutional investors own 82.83% of the company’s stock.
A number of analysts have recently issued reports on the stock. Cascend Securities increased their price target on shares of Texas Instruments from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, April 27th. Summit Insights lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday. KeyCorp lifted their price target on shares of Texas Instruments from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, July 6th. Barclays raised their price objective on shares of Texas Instruments from $155.00 to $170.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 28th. Finally, Raymond James raised their price objective on shares of Texas Instruments from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $195.69.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.23. Texas Instruments had a return on equity of 69.92% and a net margin of 40.04%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the business posted $1.48 earnings per share. The firm’s revenue for the quarter was up 41.4% compared to the same quarter last year. Sell-side analysts forecast that Texas Instruments Incorporated will post 7.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 9th. Investors of record on Monday, July 26th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 23rd. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.22%. Texas Instruments’s dividend payout ratio is 68.34%.
Texas Instruments Company Profile
Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
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