Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,619 shares of the semiconductor company's stock after selling 5,725 shares during the quarter. Texas Instruments comprises approximately 2.0% of First National Bank of Mount Dora Trust Investment Services' portfolio, making the stock its 17th biggest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Texas Instruments were worth $8,198,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sonora Investment Management Group LLC increased its holdings in Texas Instruments by 1.7% in the 1st quarter. Sonora Investment Management Group LLC now owns 92,462 shares of the semiconductor company's stock valued at $16,616,000 after purchasing an additional 1,554 shares in the last quarter. Accurate Wealth Management LLC grew its stake in shares of Texas Instruments by 6.7% in the first quarter. Accurate Wealth Management LLC now owns 4,325 shares of the semiconductor company's stock valued at $777,000 after buying an additional 270 shares in the last quarter. Simplicity Wealth LLC purchased a new stake in shares of Texas Instruments during the 1st quarter valued at about $1,169,000. GAMMA Investing LLC lifted its position in Texas Instruments by 21.8% during the 1st quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock worth $3,422,000 after acquiring an additional 3,402 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Texas Instruments by 4.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 19,668 shares of the semiconductor company's stock worth $3,534,000 after acquiring an additional 893 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TXN. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. TD Securities reissued a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Rosenblatt Securities reiterated a "buy" rating and issued a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, UBS Group lowered their price objective on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $189.86.

Texas Instruments Stock Performance

TXN stock traded up $3.08 on Tuesday, reaching $202.29. The company's stock had a trading volume of 6,245,637 shares, compared to its average volume of 6,353,723. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a market capitalization of $183.77 billion, a P/E ratio of 38.98, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. The firm has a fifty day moving average of $169.29 and a two-hundred day moving average of $181.95.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 earnings per share. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

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.