First Affirmative Financial Network Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

First Affirmative Financial Network lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,827 shares of the semiconductor company’s stock after selling 157 shares during the quarter. First Affirmative Financial Network’s holdings in Texas Instruments were worth $508,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Promus Capital LLC purchased a new stake in Texas Instruments during the fourth quarter valued at $25,000. Summit Securities Group LLC bought a new stake in Texas Instruments during the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments during the fourth quarter valued at about $28,000. Copia Wealth Management bought a new stake in Texas Instruments during the fourth quarter valued at about $30,000. Finally, Atala Financial Inc bought a new stake in Texas Instruments during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

NASDAQ:TXN opened at $192.42 on Friday. The firm has a market capitalization of $174.81 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The business has a 50 day simple moving average of $168.87 and a 200-day simple moving average of $182.16. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

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

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. Texas Instruments’s payout ratio is 103.23%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TXN shares. TD Securities reissued a “hold” rating and set a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Wells Fargo & Company cut 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 dropped their price objective on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $216.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Cantor Fitzgerald dropped their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $189.41.

Texas Instruments Profile

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.