Asset Dedication LLC Sells 2,113 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Asset Dedication LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,874 shares of the semiconductor company’s stock after selling 2,113 shares during the period. Asset Dedication LLC’s holdings in Texas Instruments were worth $3,831,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Berkshire Bank boosted its holdings in Texas Instruments by 54.1% in the first quarter. Berkshire Bank now owns 2,237 shares of the semiconductor company’s stock valued at $410,000 after acquiring an additional 785 shares during the last quarter. Zhang Financial LLC boosted its holdings in Texas Instruments by 51.3% during the first quarter. Zhang Financial LLC now owns 1,646 shares of the semiconductor company’s stock worth $302,000 after buying an additional 558 shares during the last quarter. Stanley Laman Group Ltd. bought a new position in Texas Instruments during the first quarter worth about $496,000. Miller Howard Investments Inc. NY boosted its holdings in Texas Instruments by 14.1% during the first quarter. Miller Howard Investments Inc. NY now owns 418,311 shares of the semiconductor company’s stock worth $76,752,000 after buying an additional 51,652 shares during the last quarter. Finally, Mastrapasqua Asset Management Inc. boosted its holdings in Texas Instruments by 42.5% during the first quarter. Mastrapasqua Asset Management Inc. now owns 8,688 shares of the semiconductor company’s stock worth $1,594,000 after buying an additional 2,590 shares during the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.

In other Texas Instruments news, Director Robert E. Sanchez sold 12,299 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $169.40, for a total value of $2,083,450.60. Following the completion of the transaction, the director now owns 19,201 shares of the company’s stock, valued at approximately $3,252,649.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Hagop H. Kozanian sold 5,904 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $170.23, for a total value of $1,005,037.92. Following the completion of the transaction, the vice president now directly owns 44,885 shares of the company’s stock, valued at approximately $7,640,773.55. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Shares of NASDAQ TXN opened at $148.54 on Friday. The company has a current ratio of 5.54, a quick ratio of 4.73 and a debt-to-equity ratio of 0.52. Texas Instruments Incorporated has a 12 month low of $147.02 and a 12 month high of $202.26. The stock has a 50 day moving average of $165.13 and a 200-day moving average of $173.60. The company has a market capitalization of $136.97 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.91 and a beta of 0.94.

Texas Instruments (NASDAQ:TXNGet Rating) last released its earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.18. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.73 billion. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.87 EPS. Analysts predict that Texas Instruments Incorporated will post 8.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Monday, May 9th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, May 6th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.10%. Texas Instruments’s dividend payout ratio (DPR) is currently 52.63%.

TXN has been the topic of several recent analyst reports. KeyCorp cut their price objective on Texas Instruments from $240.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 27th. UBS Group cut their price objective on Texas Instruments from $180.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, April 27th. Susquehanna cut their price objective on Texas Instruments from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Jefferies Financial Group cut their price objective on Texas Instruments from $220.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Finally, Stifel Nicolaus cut their price objective on Texas Instruments from $180.00 to $170.00 and set a “hold” rating on the stock in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $191.58.

About Texas Instruments (Get Rating)

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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