Aberdeen Group plc Sells 681,131 Shares of Texas Instruments Incorporated $TXN

Key Points

• Aberdeen Group plc reduced its holdings in Texas Instruments by 41.7% during the 1st quarter, selling 681,131 shares, leaving them with 954,154 shares worth approximately $168.6 million.
• Recent modifications in holdings saw large investors like Nuveen LLC and GAMMA Investing LLC significantly increase their positions in Texas Instruments, showcasing a growing institutional interest in the company.
• Texas Instruments reported $1.41 EPS for the recent quarter, beating estimates, with revenue of $4.45 billion, reflecting a 16.4% year-over-year growth.

Aberdeen Group plc trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 41.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 954,154 shares of the semiconductor company's stock after selling 681,131 shares during the quarter. Aberdeen Group plc owned 0.11% of Texas Instruments worth $168,575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Texas Instruments in the 1st quarter valued at approximately $711,387,000. GAMMA Investing LLC lifted its stake in Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after acquiring an additional 3,406,386 shares during the last quarter. Jennison Associates LLC grew its holdings in Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock worth $397,940,000 after purchasing an additional 2,140,605 shares during the period. Invesco Ltd. boosted its stake in shares of Texas Instruments by 14.6% during the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock worth $2,448,335,000 after acquiring an additional 1,731,411 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd increased its holdings in shares of Texas Instruments by 1,000.6% in the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock valued at $231,406,000 after purchasing an additional 1,170,728 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Up 0.4%

NASDAQ TXN traded up $0.86 during trading hours on Friday, hitting $194.57. The company's stock had a trading volume of 5,871,480 shares, compared to its average volume of 8,377,313. The company has a market capitalization of $176.89 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 3.18 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company's 50-day simple moving average is $201.16 and its two-hundred day simple moving average is $185.16.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Stifel Nicolaus lifted their price objective on shares of Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Seaport Res Ptn raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. UBS Group set a $255.00 price target on Texas Instruments in a research note on Tuesday, July 22nd. Finally, Citigroup reiterated a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average price target of $212.21.

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.