First National Bank of Mount Dora Trust Investment Services Cuts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First National Bank of Mount Dora Trust Investment Services reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other hedge funds have also bought and sold shares of TXN. Mizuho Securities USA LLC lifted its position in Texas Instruments by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock worth $16,212,000 after buying an additional 27,251 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $6,544,000. Banque Pictet & Cie SA lifted its holdings in shares of Texas Instruments by 0.9% in the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company's stock worth $412,086,000 after acquiring an additional 18,650 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Texas Instruments by 17.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company's stock worth $961,000 after acquiring an additional 778 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Texas Instruments by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company's stock valued at $67,276,000 after purchasing an additional 7,500 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of analyst reports. KeyCorp decreased their target price on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. TD Securities reaffirmed a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Mizuho set a $170.00 target price on Texas Instruments in a research note on Thursday, April 24th. UBS Group dropped their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average price target of $189.86.

Texas Instruments Trading Down 0.2%

Texas Instruments stock traded down $0.46 during mid-day trading on Wednesday, reaching $201.83. 1,283,655 shares of the company traded hands, compared to its average volume of 6,342,524. The firm's 50 day moving average price is $170.06 and its 200 day moving average price is $182.09. The firm has a market capitalization of $183.36 billion, a price-to-earnings ratio of 38.91, a P/E/G ratio of 3.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for 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 firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. Texas Instruments's dividend payout ratio is currently 103.23%.

About Texas Instruments

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.