Commonwealth Equity Services LLC Has $39.43 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Commonwealth Equity Services LLC reduced its stake in Texas Instruments by 7.7%, now holding 219,443 shares valued at approximately $39.43 million.
• Texas Instruments reported a 15.3% increase in revenue year-over-year, with earnings per share of $1.41, surpassing analyst expectations.
• The company recently declared a quarterly dividend of $1.36, reflecting an annual yield of 3.0% as of the last filing.

Commonwealth Equity Services LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 219,443 shares of the semiconductor company's stock after selling 18,384 shares during the quarter. Commonwealth Equity Services LLC's holdings in Texas Instruments were worth $39,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Raiffeisen Bank International AG increased its position in Texas Instruments by 11.5% during the 1st quarter. Raiffeisen Bank International AG now owns 48,974 shares of the semiconductor company's stock valued at $8,636,000 after purchasing an additional 5,043 shares during the period. Argent Trust Co increased its position in Texas Instruments by 2.3% during the 1st quarter. Argent Trust Co now owns 28,874 shares of the semiconductor company's stock valued at $5,189,000 after purchasing an additional 646 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in Texas Instruments by 30.0% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 13,000 shares of the semiconductor company's stock valued at $2,336,000 after purchasing an additional 3,000 shares during the period. Manchester Capital Management LLC increased its position in Texas Instruments by 6.7% during the 1st quarter. Manchester Capital Management LLC now owns 3,975 shares of the semiconductor company's stock valued at $714,000 after purchasing an additional 250 shares during the period. Finally, Scotia Capital Inc. increased its position in Texas Instruments by 1.2% during the 1st quarter. Scotia Capital Inc. now owns 31,800 shares of the semiconductor company's stock valued at $5,714,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on TXN shares. Mizuho decreased their target price on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. BNP Paribas raised shares of Texas Instruments to a "strong sell" rating in a research report on Wednesday, July 23rd. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. DZ Bank reaffirmed a "sell" rating and set a $158.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 23rd. Finally, Argus raised shares of Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $212.21.

Texas Instruments Trading Up 1.0%

Shares of Texas Instruments stock opened at $182.73 on Tuesday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The firm has a market cap of $166.13 billion, a PE ratio of 33.47, a P/E/G ratio of 2.97 and a beta of 1.03. The stock has a fifty day moving average price of $200.69 and a 200-day moving average price of $185.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88.

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 (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the firm posted $1.17 EPS. The business's revenue was up 16.4% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, July 31st. Texas Instruments's 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.

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