Jensen Investment Management Inc. Sells 661,575 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Jensen Investment Management Inc. has reduced its holdings in Texas Instruments by 36%, now owning 1,174,106 shares after selling 661,575 shares in the first quarter.
• Texas Instruments reported earnings of $1.41 per share, exceeding analysts' estimates and showcasing a revenue of $4.45 billion during the most recent quarter, a 16.4% increase year-over-year.
• The company announced a quarterly dividend of $1.36 per share, representing an annualized dividend of $5.44, with a yield of 2.9% and a payout ratio of 99.63%.

Jensen Investment Management Inc. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 36.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,174,106 shares of the semiconductor company's stock after selling 661,575 shares during the period. Texas Instruments makes up about 2.3% of Jensen Investment Management Inc.'s investment portfolio, making the stock its 18th largest position. Jensen Investment Management Inc. owned about 0.13% of Texas Instruments worth $210,987,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TXN. Cloud Capital Management LLC purchased a new position in Texas Instruments during the first quarter worth $28,000. Copia Wealth Management purchased a new position in Texas Instruments during the fourth quarter worth $30,000. Quintet Private Bank Europe S.A. purchased a new position in Texas Instruments during the first quarter worth $34,000. Park Square Financial Group LLC purchased a new position in Texas Instruments during the fourth quarter worth $41,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Texas Instruments during the first quarter worth $42,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $185.40 on Wednesday. The company has a market capitalization of $168.55 billion, a PE ratio of 33.96, a P/E/G ratio of 3.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The company has a 50-day simple moving average of $200.73 and a two-hundred day simple moving average of $185.17. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its 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 business 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 revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.9%. Texas Instruments's payout ratio is currently 99.63%.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. Argus raised shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. BNP Paribas raised shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, July 23rd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $245.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $212.21.

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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