Bessemer Group Inc. Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Bessemer Group Inc. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 537,336 shares of the semiconductor company’s stock after selling 46,181 shares during the quarter. Bessemer Group Inc.’s holdings in Texas Instruments were worth $96,561,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Gerber Kawasaki Wealth & Investment Management increased its holdings in Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 56 shares during the last quarter. Voya Financial Advisors Inc. boosted its position in shares of Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock worth $686,000 after buying an additional 58 shares during the period. Dunhill Financial LLC grew its stake in shares of Texas Instruments by 3.7% in the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company’s stock valued at $320,000 after buying an additional 61 shares in the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 62 shares during the period. Finally, Main Street Research LLC raised its holdings in shares of Texas Instruments by 3.1% in the 4th quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company’s stock valued at $396,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN opened at $205.38 on Thursday. The stock has a market capitalization of $186.58 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 3.35 and a beta of 1.00. The business’s 50 day moving average is $180.24 and its two-hundred day moving average is $182.31. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. 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 (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.65%. Texas Instruments’s payout ratio is currently 103.23%.

Analysts Set New Price Targets

TXN has been the subject of several research reports. Seaport Res Ptn raised Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. Rosenblatt Securities restated a “buy” rating and issued a $216.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Sanford C. Bernstein raised shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. decreased their price target on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Barclays downgraded shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $190.96.

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.