Texas Instruments Incorporated $TXN Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Texas Instruments by 16.4% in Q1 2023, now holding 47,335 shares valued at approximately $8.5 million.
• The company reported a quarterly revenue of $4.45 billion, surpassing analysts' estimates, with a year-over-year revenue increase of 16.4%.
• Texas Instruments announced a quarterly dividend of $1.36 per share, yielding 2.8%, with a high dividend payout ratio of 99.63%.

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 16.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,335 shares of the semiconductor company's stock after selling 9,274 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Texas Instruments were worth $8,506,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TXN. Cloud Capital Management LLC purchased a new stake in Texas Instruments in the first quarter valued at approximately $28,000. Copia Wealth Management purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $30,000. Dagco Inc. purchased a new stake in Texas Instruments in the first quarter valued at approximately $32,000. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments in the first quarter valued at approximately $34,000. Finally, Park Square Financial Group LLC purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $41,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXN has been the subject of a number of recent analyst reports. Mizuho lowered their target price on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Seaport Res Ptn upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Cantor Fitzgerald reiterated a "neutral" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Wolfe Research upgraded shares of Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price objective for the company in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Stock Up 2.7%

Shares of TXN stock traded up $5.35 on Friday, hitting $206.06. The stock had a trading volume of 6,176,938 shares, compared to its average volume of 6,469,689. The firm has a market capitalization of $187.34 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 3.28 and a beta of 1.03. The stock's 50 day moving average is $201.20 and its 200-day moving average is $185.72. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Texas Instruments has set its Q3 2025 guidance at 1.360-1.600 EPS. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.6%. Texas Instruments's dividend payout ratio is currently 99.63%.

Texas Instruments Company 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.