Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 24,664 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 51.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,980 shares of the semiconductor company’s stock after selling 24,664 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Texas Instruments were worth $4,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $28,000. Copia Wealth Management purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $30,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in Texas Instruments during the first quarter valued at approximately $34,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Benchmark decreased their price target on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. Arete assumed coverage on Texas Instruments in a research report on Thursday. They set a “neutral” rating and a $203.80 price target on the stock. Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective for the company in a report on Monday, April 7th. Finally, Cowen reiterated a “hold” rating on shares of Texas Instruments in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $191.49.

Texas Instruments Stock Performance

Shares of TXN opened at $206.31 on Friday. The company has a 50-day simple moving average of $181.40 and a two-hundred day simple moving average of $182.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The firm has a market capitalization of $187.43 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 3.34 and a beta of 1.00. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm 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 28.75% and a net margin of 30.36%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Texas Instruments Company 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.