Freestone Capital Holdings LLC Sells 43,929 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Freestone Capital Holdings LLC significantly reduced its stake in Texas Instruments by 59.7%, selling 43,929 shares and now holds 29,645 shares worth approximately $5.3 million.
• Texas Instruments reported a quarterly earnings of $1.41 EPS, surpassing analysts’ expectations, with revenue of $4.45 billion, reflecting a year-over-year growth of 16.4%.
• The company also declared a quarterly dividend of $1.36 per share, translating to an annualized dividend of $5.44 and a yield of 2.8%.

Freestone Capital Holdings LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 59.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,645 shares of the semiconductor company's stock after selling 43,929 shares during the period. Freestone Capital Holdings LLC's holdings in Texas Instruments were worth $5,327,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cloud Capital Management LLC bought a new stake in Texas Instruments in the 1st quarter valued at about $28,000. Copia Wealth Management bought a new stake in Texas Instruments in the 4th quarter valued at about $30,000. Dagco Inc. bought a new stake in Texas Instruments in the 1st quarter valued at about $32,000. Quintet Private Bank Europe S.A. bought a new stake in Texas Instruments in the 1st quarter valued at about $34,000. Finally, Park Square Financial Group LLC bought a new stake in Texas Instruments in the 4th quarter valued at about $41,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $194.57 on Friday. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $176.89 billion, a PE ratio of 35.64, a PEG ratio of 3.18 and a beta of 1.03. The stock's 50 day moving average price is $201.16 and its 200-day moving average price is $185.16. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. Texas Instruments's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS 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. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Texas Instruments's payout ratio is 99.63%.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. The Goldman Sachs Group began coverage on Texas Instruments in a research note on Thursday, July 10th. They set a "buy" rating and a $255.00 price target for the company. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Truist Financial lifted their price target on Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. Finally, UBS Group set a $255.00 price target on Texas Instruments in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus 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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.