Diversified Trust Co Sells 1,022 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

by · The Cerbat Gem

Diversified Trust Co lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 11.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,565 shares of the semiconductor company’s stock after selling 1,022 shares during the quarter. Diversified Trust Co’s holdings in Texas Instruments were worth $1,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Promus Capital LLC bought a new stake in Texas Instruments during the fourth quarter worth $25,000. Summit Securities Group LLC purchased a new position in Texas Instruments during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth $28,000. Copia Wealth Management purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $30,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Texas Instruments during the first quarter valued at about $34,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.4%

TXN opened at $207.08 on Friday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a market cap of $188.13 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $182.58 and a 200 day moving average of $182.45.

Texas Instruments (NASDAQ:TXN – Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.63%. Texas Instruments’s dividend payout ratio is currently 103.23%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp reduced their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Barclays lowered Texas Instruments from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Wells Fargo & Company set a $190.00 price target on Texas Instruments and gave the company an “equal weight” rating in a research report on Monday, June 16th. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research report on Monday, April 7th. Finally, DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective for the company in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $191.49.

Get Our Latest Report on Texas Instruments

Texas Instruments Company Profile

(Free Report)

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.

See Also

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