Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in Texas Instruments by 13.7%, selling 124,051 shares in the first quarter, leaving them with approximately 783,716 shares valued at $140.8 million.
• Texas Instruments reported a quarterly EPS of $1.41, exceeding estimates, with a revenue of $4.45 billion, marking a 16.4% increase year-over-year.
• The company announced a quarterly dividend of $1.36, translating to an annualized yield of 3.0%, with a payout ratio close to 100%.

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 783,716 shares of the semiconductor company's stock after selling 124,051 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of Texas Instruments worth $140,834,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. SPC Financial Inc. grew its stake in shares of Texas Instruments by 8.4% during the first quarter. SPC Financial Inc. now owns 3,790 shares of the semiconductor company's stock valued at $681,000 after buying an additional 293 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in shares of Texas Instruments by 1.0% in the first quarter. Baker Avenue Asset Management LP now owns 73,081 shares of the semiconductor company's stock worth $13,133,000 after buying an additional 730 shares during the period. ProVise Management Group LLC raised its holdings in shares of Texas Instruments by 6.7% in the first quarter. ProVise Management Group LLC now owns 10,364 shares of the semiconductor company's stock worth $1,862,000 after buying an additional 649 shares during the period. Howland Capital Management LLC raised its holdings in shares of Texas Instruments by 75.6% in the first quarter. Howland Capital Management LLC now owns 4,645 shares of the semiconductor company's stock worth $835,000 after buying an additional 2,000 shares during the period. Finally, Nicolet Advisory Services LLC raised its holdings in shares of Texas Instruments by 13.5% in the first quarter. Nicolet Advisory Services LLC now owns 2,910 shares of the semiconductor company's stock worth $523,000 after buying an additional 345 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They issued a "buy" rating and a $255.00 target price on the stock. Cowen restated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. KeyCorp upped their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Morgan Stanley restated an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Citigroup reiterated a "buy" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $212.21.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded up $1.87 during trading on Monday, hitting $182.73. 4,680,126 shares of the company's stock were exchanged, compared to its average volume of 7,901,236. 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 business has a 50-day simple moving average of $200.56 and a 200-day simple moving average of $185.24. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The stock has a market capitalization of $166.13 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 2.97 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter last year, the company posted $1.17 earnings per share. The firm's revenue was up 16.4% compared to the same quarter last year. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be given a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.0%. Texas Instruments's dividend payout ratio is 99.63%.

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.