Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Lowered by Hodges Capital Management Inc.

Hodges Capital Management Inc. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.1% in the 1st quarter, Holdings Channel reports. The fund owned 4,701 shares of the semiconductor company’s stock after selling 647 shares during the period. Hodges Capital Management Inc.’s holdings in Texas Instruments were worth $819,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Avity Investment Management Inc. grew its position in shares of Texas Instruments by 16.7% during the first quarter. Avity Investment Management Inc. now owns 199,926 shares of the semiconductor company’s stock worth $34,829,000 after acquiring an additional 28,597 shares during the last quarter. Independence Bank of Kentucky grew its position in Texas Instruments by 45.1% in the 1st quarter. Independence Bank of Kentucky now owns 4,015 shares of the semiconductor company’s stock valued at $699,000 after buying an additional 1,247 shares in the last quarter. Norris Perne & French LLP MI grew its position in Texas Instruments by 0.8% in the 1st quarter. Norris Perne & French LLP MI now owns 107,600 shares of the semiconductor company’s stock valued at $18,745,000 after buying an additional 885 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its position in Texas Instruments by 5.4% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 3,257 shares of the semiconductor company’s stock valued at $542,000 after buying an additional 166 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position in Texas Instruments by 9.8% in the 1st quarter. Financial Management Professionals Inc. now owns 4,446 shares of the semiconductor company’s stock valued at $775,000 after buying an additional 396 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho increased their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Jefferies Financial Group lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and decreased their target price for the company from $200.00 to $175.00 in a research report on Monday, May 13th. Robert W. Baird increased their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price for the company. Finally, Benchmark upped their price target on shares of Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, June 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $183.43.

Texas Instruments Price Performance

TXN stock opened at $194.53 on Friday. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00. The firm has a market capitalization of $177.12 billion, a PE ratio of 30.35, a P/E/G ratio of 4.21 and a beta of 1.00. The firm has a 50-day moving average of $190.26 and a two-hundred day moving average of $175.28.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

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.