American Money Management LLC Sells 225 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

American Money Management LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,755 shares of the semiconductor company’s stock after selling 225 shares during the period. American Money Management LLC’s holdings in Texas Instruments were worth $1,394,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Texas Instruments during the 1st quarter worth $711,387,000. GAMMA Investing LLC raised its stake in shares of Texas Instruments by 21,778.6% during the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock worth $614,938,000 after purchasing an additional 3,406,386 shares during the period. Jennison Associates LLC raised its stake in shares of Texas Instruments by 2,898.0% during the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock worth $397,940,000 after purchasing an additional 2,140,605 shares during the period. Invesco Ltd. raised its stake in shares of Texas Instruments by 14.6% during the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after purchasing an additional 1,731,411 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd raised its stake in shares of Texas Instruments by 1,000.6% during the 1st quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company’s stock worth $231,406,000 after purchasing an additional 1,170,728 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXN has been the topic of a number of recent analyst reports. Summit Insights cut Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Argus upgraded Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. Cowen reissued a “hold” rating on shares of Texas Instruments in a report on Wednesday, June 25th. Truist Financial lifted their price objective on Texas Instruments from $171.00 to $196.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Finally, Arete assumed coverage on Texas Instruments in a report on Thursday, June 26th. They issued a “neutral” rating and a $203.80 price objective for the company. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $212.21.

Texas Instruments Stock Performance

Shares of TXN opened at $193.32 on Thursday. The company has a market cap of $175.75 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 3.15 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $201.05 and a 200-day moving average price of $184.98. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company posted $1.17 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were given a $1.36 dividend. The ex-dividend date was Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.8%. Texas Instruments’s payout ratio is presently 99.63%.

Texas Instruments 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.