Perigon Wealth Management LLC Sells 10,447 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Perigon Wealth Management LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 47.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 11,587 shares of the semiconductor company’s stock after selling 10,447 shares during the period. Perigon Wealth Management LLC’s holdings in Texas Instruments were worth $2,082,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Tyche Wealth Partners LLC lifted its stake in Texas Instruments by 3.0% during the first quarter. Tyche Wealth Partners LLC now owns 18,445 shares of the semiconductor company’s stock worth $3,315,000 after purchasing an additional 543 shares during the last quarter. Generate Investment Management Ltd bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $11,266,000. Alpine Bank Wealth Management bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $1,095,000. HBK Sorce Advisory LLC lifted its stake in shares of Texas Instruments by 10.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 3,134 shares of the semiconductor company’s stock valued at $563,000 after acquiring an additional 285 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in shares of Texas Instruments by 317.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,098 shares of the semiconductor company’s stock valued at $557,000 after acquiring an additional 2,355 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock opened at $207.08 on Friday. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $188.13 billion, a P/E ratio of 39.29, a PEG ratio of 3.36 and a beta of 1.00. The stock’s 50 day moving average is $182.58 and its 200 day moving average is $182.51. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month 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 for the quarter, topping the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. Texas Instruments’s payout ratio is currently 103.23%.

Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. Barclays lowered Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. TD Securities reissued a “hold” rating and issued a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Wells Fargo & Company set a $190.00 target price on Texas Instruments and gave the company an “equal weight” rating in a research note on Monday, June 16th. Finally, Summit Insights lowered Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $191.49.

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.