Texas Instruments Incorporated (NASDAQ:TXN) Stake Reduced by Prudential PLC

Prudential PLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 176,879 shares of the semiconductor company’s stock after selling 3,807 shares during the period. Prudential PLC’s holdings in Texas Instruments were worth $31,785,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments in the first quarter worth about $28,000. Copia Wealth Management purchased a new position in Texas Instruments during the 4th quarter worth approximately $30,000. Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments during the 1st quarter valued at $34,000. Park Square Financial Group LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $41,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Texas Instruments in the first quarter worth $42,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock opened at $183.71 on Tuesday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company has a market capitalization of $167.02 billion, a P/E ratio of 33.65, a P/E/G ratio of 3.06 and a beta of 1.03. The stock has a 50 day moving average of $200.90 and a two-hundred day moving average of $184.87. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. As a group, 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 will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, July 31st. Texas Instruments’s dividend payout ratio is currently 99.63%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TXN shares. TD Cowen reduced their price objective on Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. KeyCorp boosted their price target on shares of Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Rosenblatt Securities reiterated a “buy” rating and set a $245.00 price objective on shares of Texas Instruments in a report on Wednesday, July 23rd. Finally, Argus raised Texas Instruments to a “strong-buy” rating in a research report on Friday, April 25th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $212.21.

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.