Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Westfield Capital Management Co. LP
Westfield Capital Management Co. LP lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,405 shares of the semiconductor company’s stock after selling 2,430 shares during the period. Westfield Capital Management Co. LP’s holdings in Texas Instruments were worth $7,786,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Cordasco Financial Network bought a new stake in shares of Texas Instruments in the first quarter valued at approximately $27,000. CX Institutional boosted its stake in shares of Texas Instruments by 95.9% in the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 140 shares during the period. Farmers National Bank bought a new stake in shares of Texas Instruments in the first quarter valued at approximately $35,000. Icon Wealth Partners LLC bought a new stake in shares of Texas Instruments in the first quarter valued at approximately $37,000. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Texas Instruments by 919.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 331 shares during the period. Institutional investors own 85.38% of the company’s stock.
Several equities research analysts recently issued reports on the company. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research note on Saturday, June 1st. ValuEngine cut Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Nomura assumed coverage on Texas Instruments in a research note on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 price target for the company. Wells Fargo & Co cut their price target on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $124.00 price target on shares of Texas Instruments in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. Texas Instruments has an average rating of “Hold” and a consensus price target of $111.18.
NASDAQ TXN opened at $107.31 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $119.32. The firm has a market cap of $100.68 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the prior year, the company earned $1.35 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 5.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, May 3rd. This represents a $3.08 annualized dividend and a dividend yield of 2.87%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
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Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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