HighTower Advisors LLC Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• HighTower Advisors LLC reduced its stake in Texas Instruments by 4.6%, owning 743,557 shares valued at approximately $133.62 million.
• Texas Instruments recently reported a quarterly earnings per share of $1.41, exceeding expectations, with revenue of $4.45 billion, which shows a 16.4% year-over-year growth.
• The company declared a quarterly dividend of $1.36, representing an annualized dividend yield of 2.8% and a payout ratio of 99.63%.

HighTower Advisors LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 743,557 shares of the semiconductor company's stock after selling 35,762 shares during the period. HighTower Advisors LLC owned about 0.08% of Texas Instruments worth $133,617,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in Texas Instruments in the 1st quarter valued at $28,000. Copia Wealth Management acquired a new stake in Texas Instruments in the 4th quarter valued at $30,000. Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments in the 1st quarter valued at $34,000. Park Square Financial Group LLC acquired a new stake in Texas Instruments in the 4th quarter valued at $41,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Texas Instruments in the 1st quarter valued at $42,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BNP Paribas upgraded Texas Instruments to a "strong sell" rating in a research report on Wednesday, July 23rd. Argus upgraded Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Truist Financial lifted their price objective on Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Tuesday, July 22nd. Finally, Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $212.21.

Texas Instruments Stock Up 0.2%

Shares of NASDAQ TXN traded up $0.42 on Thursday, reaching $193.71. 3,916,346 shares of the company's stock traded hands, compared to its average volume of 8,361,320. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The business's 50 day simple moving average is $201.12 and its two-hundred day simple moving average is $185.03. The company has a market cap of $176.11 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 3.15 and a beta of 1.03. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly 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 company 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 firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

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.