OLD Dominion Capital Management Inc. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% in the 1st quarter, Holdings Channel reports. The firm owned 68,665 shares of the semiconductor company’s stock after selling 350 shares during the quarter. Texas Instruments makes up about 2.8% of OLD Dominion Capital Management Inc.’s portfolio, making the stock its 8th biggest position. OLD Dominion Capital Management Inc.’s holdings in Texas Instruments were worth $8,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cordasco Financial Network acquired a new position in Texas Instruments in the 1st quarter worth about $27,000. CX Institutional increased its position in Texas Instruments by 95.9% in the 1st quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 140 shares during the last quarter. Farmers National Bank acquired a new position in Texas Instruments in the 1st quarter worth about $35,000. Intercontinental Wealth Advisors LLC acquired a new position in Texas Instruments in the 4th quarter worth about $40,000. Finally, Horan Capital Advisors LLC. acquired a new position in Texas Instruments in the 1st quarter worth about $46,000. 86.72% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on TXN. ValuEngine lowered Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Nomura began coverage on Texas Instruments in a research report on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 target price on the stock. Wells Fargo & Co dropped their target price on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $124.00 target price on shares of Texas Instruments in a research report on Tuesday, April 30th. Finally, Loop Capital upped their target price on Texas Instruments to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $111.18.

Shares of NASDAQ TXN opened at $104.73 on Tuesday. The company has a current ratio of 3.68, a quick ratio of 2.70 and a debt-to-equity ratio of 0.59. The stock has a market cap of $100.19 billion, a PE ratio of 19.32, a P/E/G ratio of 2.04 and a beta of 1.20. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $119.32.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.09. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 EPS. Research analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, May 3rd. Texas Instruments’s dividend payout ratio (DPR) is currently 56.83%.

In other Texas Instruments news, insider Rafael R. Lizardi sold 27,675 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $117.87, for a total value of $3,262,052.25. Following the sale, the insider now owns 98,809 shares of the company’s stock, valued at approximately $11,646,616.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Haviv Ilan sold 76,818 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $117.38, for a total value of $9,016,896.84. Following the completion of the sale, the vice president now directly owns 126,741 shares in the company, valued at approximately $14,876,858.58. The disclosure for this sale can be found here. Insiders sold a total of 879,332 shares of company stock worth $103,024,864 in the last ninety days. Insiders own 0.89% of the company’s stock.

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Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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