Mediolanum International Funds Ltd Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Mediolanum International Funds Ltd has reduced its stake in Texas Instruments by 6.3%, selling 3,019 shares, bringing its total holdings to 44,920 shares valued at approximately $7.92 million.
• Texas Instruments reported a quarterly earnings per share of $1.41, exceeding estimates by $0.09, with revenues reaching $4.45 billion, up 16.4% year-over-year.
• The company announced a quarterly dividend of $1.36, equating to an annual yield of 2.94%, with a high dividend payout ratio of 99.63%.

Mediolanum International Funds Ltd cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,920 shares of the semiconductor company's stock after selling 3,019 shares during the period. Mediolanum International Funds Ltd's holdings in Texas Instruments were worth $7,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management lifted its stake in Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after acquiring an additional 56 shares during the period. Voya Financial Advisors Inc. raised its holdings in Texas Instruments by 1.6% in the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 58 shares in the last quarter. Dunhill Financial LLC raised its holdings in Texas Instruments by 3.7% in the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 61 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Texas Instruments by 2.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock valued at $577,000 after acquiring an additional 63 shares in the last quarter. Finally, Country Club Bank increased its holdings in shares of Texas Instruments by 0.8% during the first quarter. Country Club Bank now owns 8,348 shares of the semiconductor company's stock valued at $1,472,000 after acquiring an additional 65 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Down 0.7%

Shares of NASDAQ TXN traded down $1.27 during trading hours on Wednesday, hitting $190.11. 1,395,446 shares of the company traded hands, compared to its average volume of 7,354,057. The stock has a market capitalization of $172.71 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 3.10 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The company's 50 day moving average price is $200.37 and its 200 day moving average price is $185.46. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its 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. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's payout ratio is currently 99.63%.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. BNP Paribas upgraded Texas Instruments to a "strong sell" rating in a report on Wednesday, July 23rd. UBS Group set a $255.00 price objective on Texas Instruments in a research report on Tuesday, July 22nd. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. DZ Bank reaffirmed a "sell" rating and set a $158.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 23rd. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $212.21.

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.