Annex Advisory Services LLC Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Annex Advisory Services LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 17.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,904 shares of the semiconductor company’s stock after selling 1,462 shares during the period. Annex Advisory Services LLC’s holdings in Texas Instruments were worth $1,343,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TXN. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at approximately $31,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $31,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on TXN shares. Truist Financial raised their target price on shares of Texas Instruments from $167.00 to $203.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Mizuho raised their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Stifel Nicolaus raised their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Susquehanna raised their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Finally, Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $198.64.

Texas Instruments Trading Down 0.6 %

Shares of TXN stock traded down $1.09 during mid-day trading on Friday, reaching $192.21. The company’s stock had a trading volume of 3,066,476 shares, compared to its average volume of 5,555,690. The company’s 50 day simple moving average is $196.91 and its 200-day simple moving average is $181.53. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $210.84. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $175.50 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 4.07 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the firm posted $1.87 EPS. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

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.