Coastal Investment Advisors Inc. decreased its position in Texas Instruments Incorporated (NASDAQ: TXN – Get Rating) by 5.8% in the 1st quarter, according to its latest submission of Form 13F to the Securities and Exchange Commission. The institutional investor owned 2,650 shares of the semiconductor company’s shares after selling 162 shares in the quarter. The holdings of Coastal Investment Advisors Inc. at Texas Instruments were worth $ 486,000 at the end of the last quarter.
A number of other large investors have also recently changed their holdings in the business. CarsonAllaria Wealth Management Ltd. acquired a new stake in Texas Instruments in the fourth quarter worth approximately $ 26,000. Stuart Chaussee & Associates Inc. increased its position in shares of Texas Instruments by 81.7% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the $ 28,000 semiconductor company after buying an additional 67 shares in the last quarter. Life Planning Partners Inc acquired a new stake in Texas Instruments in the fourth quarter worth approximately $ 28,000. Widmann Financial Services Inc. acquired a new stake in Texas Instruments in the fourth quarter worth approximately $ 30,000. Finally, Rather & Kittrell Inc. acquired a new stake in Texas Instruments in the fourth quarter worth approximately $ 30,000. 83.96% of the shares are owned by institutional investors.
Shares of TXN opened at $ 155.95 on Friday. The company has a debt-to-equity ratio of 0.52, a fast ratio of 4.73 and a current ratio of 5.54. The shares have a market capitalization of 143.81 billion dollars, a price / earnings ratio of 17.84, a PEG ratio of 1.87 and a beta ratio of 0.94. Texas Instruments Incorporated has a 1-year low of $ 149.10 and a one-year high of $ 202.26. The 50-day moving average was $ 167.55, and its 200-day moving average was $ 175.02.
Texas Instruments (NASDAQ: TXN – Get Rating) last released its earnings results on Tuesday, April 26th. The semiconductor company reported $ 2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 2.17 by $ 0.18. Texas Instruments has a return on equity of 64.89% and a net profit of 43.34%. The company had revenue of $ 4.91 billion for the quarter, compared to analysts’ expectations of $ 4.73 billion. In the same period last year, the business reported $ 1.87 earnings per share. The company’s quarterly revenues increased by 14.4% compared to the same quarter last year. As a group, analysts predict that Texas Instruments Incorporated will report EPS of 8.74 for the current fiscal year.
The business also recently unveiled a three-month dividend that was paid on Tuesday (May 17th). The record investors on Monday, May 9, received a dividend of $ 1.15 per share. This represents a dividend of $ 4.60 on an annual basis and a dividend yield of 2.95%. The date of the former dividend was Friday, May 6. Texas Instruments’ dividend payout ratio is currently 52.63%.
In related news, Vice President Hagop H. Kozhanyan sold 5,904 shares of Texas Instruments in a deal on Friday (May 13th). The shares were sold at an average price of $ 170.23, for a total transaction of $ 1,005,037.92. After the sale, the vice president now directly owns 44,885 shares of the company worth $ 7,640,773.55. The sale was revealed in a document submitted to the SEC, which is available on the SEC website. Also, CEO Robert E. Sanchez sold 12,299 shares of Texas Instruments shares in a deal on Friday, May 13th. The shares were sold at an average price of $ 169.40, for a total transaction of $ 2,083,450.60. Following the sale, the director now owns 19,201 shares in the company worth $ 3,252,649.40. The disclosure for this sale can be found here. 0.54% of the shares are owned by insiders.
A number of analysts recently weighed the shares of TXN. Mizuho lowered its target price for Texas Instruments shares from $ 190.00 to $ 175.00 and set a “neutral” rating for the company in a research report on Wednesday, April 27. Barclays lowered its Texas Instruments stock price target from $ 170.00 to $ 150.00 and set the company’s “underweight” rating in a research report Wednesday, April 27th. Jefferies Financial Group lowered its target for Texas Instruments stock prices from $ 220.00 to $ 203.00 and set a rating to buy the company in a report on Wednesday, April 27. UBS Group lowered its target for Texas Instruments stock prices from $ 180.00 to $ 175.00 and set a “neutral” rating for the company in a report on Wednesday, April 27. Finally, Credit Suisse Group lowered its target for Texas Instruments stock prices from $ 200.00 to $ 195.00 in a report on Wednesday, April 27. Two stock research analysts rated the stock with a rating for sale, twelve gave a rating for retention, and eight gave a rating for the purchase of shares. According to MarketBeat, the shares currently have an average Hold rating and an average target price of $ 191.67.
About Texas Instruments (Get a rating)
Texas Instruments Incorporated designs, manufactures and sells semiconductors to designers and electronics manufacturers worldwide. Works in two segments, analog and built-in processing. The analog segment offers power products to manage power requirements at various levels using battery management solutions, DC / DC switching regulators, AC / DC and isolated controllers and converters, power switches, line regulators, voltage controllers, reference voltages and lighting products.
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