Hartford Financial Management Inc. Has $3.21 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Hartford Financial Management Inc. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,872 shares of the semiconductor company’s stock after selling 115 shares during the period. Hartford Financial Management Inc.’s holdings in Texas Instruments were worth $3,212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Brighton Jones LLC raised its holdings in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after buying an additional 4,218 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Texas Instruments during the 4th quarter worth $6,544,000. Bank Pictet & Cie Europe AG raised its holdings in shares of Texas Instruments by 14.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company’s stock worth $25,942,000 after buying an additional 17,840 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Texas Instruments by 5.5% during the 4th quarter. Valmark Advisers Inc. now owns 2,360 shares of the semiconductor company’s stock worth $443,000 after buying an additional 122 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Texas Instruments by 5.6% during the 4th quarter. Truist Financial Corp now owns 248,568 shares of the semiconductor company’s stock worth $46,609,000 after buying an additional 13,230 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TXN shares. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Monday, April 7th. Truist Financial lowered their price target on Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a report on Thursday, April 24th. TD Securities reaffirmed a “hold” rating and issued a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Finally, Seaport Res Ptn raised Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $191.91.

Texas Instruments Trading Up 0.3%

Shares of TXN stock opened at $198.35 on Thursday. The stock has a market cap of $180.20 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 3.22 and a beta of 1.00. The stock has a 50-day moving average of $175.12 and a 200-day moving average of $182.12. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

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.