Moody Lynn & Lieberson LLC Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

by · The Cerbat Gem

Moody Lynn & Lieberson LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 18.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,938 shares of the semiconductor company’s stock after selling 8,423 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Texas Instruments were worth $6,638,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $2,584,490,000. GAMMA Investing LLC lifted its position in shares of Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock valued at $614,938,000 after acquiring an additional 3,406,386 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. Invesco Ltd. boosted its position in shares of Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Texas Instruments during the fourth quarter valued at about $295,665,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on TXN shares. TD Cowen increased their target price on Texas Instruments from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, June 25th. Stifel Nicolaus cut their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Truist Financial reduced their target price on Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Seaport Res Ptn raised shares of Texas Instruments to a “strong sell” rating in a research note on Wednesday, April 30th. Finally, Sanford C. Bernstein upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Thursday, June 5th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $191.49.

Check Out Our Latest Research Report on TXN

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $210.45 on Wednesday. The firm has a market capitalization of $191.19 billion, a P/E ratio of 39.93, a PEG ratio of 3.38 and a beta of 1.03. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $185.09 and a 200 day moving average price of $182.69.

Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.58%. Texas Instruments’s payout ratio is currently 103.23%.

About Texas Instruments

(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.

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