Veracity Capital LLC Sells 282 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Veracity Capital LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.1% during the first quarter, Holdings Channel.com reports. The firm owned 2,044 shares of the semiconductor company’s stock after selling 282 shares during the quarter. Veracity Capital LLC’s holdings in Texas Instruments were worth $367,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TXN. Promus Capital LLC bought a new position in shares of Texas Instruments in the 4th quarter worth about $25,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth approximately $28,000. Copia Wealth Management bought a new stake in Texas Instruments in the fourth quarter worth approximately $30,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments in the fourth quarter valued at approximately $37,000. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price on the stock in a report on Monday, April 7th. Citigroup dropped their target price on Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Wells Fargo & Company decreased their price target on Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. UBS Group lowered their price target on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, KeyCorp cut their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $189.41.

Texas Instruments Price Performance

TXN opened at $190.72 on Thursday. The firm has a 50-day moving average price of $168.37 and a 200-day moving average price of $182.34. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $173.26 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business earned $1.10 EPS. Texas Instruments’s revenue was up 11.1% compared to the same quarter last year. Equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.85%. 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.