Mizuho Securities USA LLC Sells 13,567 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Mizuho Securities USA LLC has reduced its holdings in Texas Instruments by 15.7%, selling 13,567 shares and now owning 72,890 shares worth approximately $13.1 million.
• Several hedge funds significantly increased their positions in Texas Instruments, with GAMMA Investing LLC raising its stake by an astounding 21,778.6%.
• Texas Instruments announced a quarterly dividend of $1.36 per share, contributing to an annualized yield of 2.9%, with a high dividend payout ratio of nearly 100%.

Mizuho Securities USA LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,890 shares of the semiconductor company's stock after selling 13,567 shares during the quarter. Mizuho Securities USA LLC's holdings in Texas Instruments were worth $13,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Kestra Private Wealth Services LLC boosted its stake in Texas Instruments by 10.9% during the first quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company's stock worth $11,462,000 after buying an additional 6,267 shares during the period. Gries Financial LLC purchased a new position in Texas Instruments during the first quarter worth about $243,000. Brighton Jones LLC boosted its stake in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after buying an additional 4,218 shares during the period. JARISLOWSKY FRASER Ltd boosted its stake in Texas Instruments by 7.4% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after buying an additional 165 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Texas Instruments by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock worth $89,050,000 after buying an additional 11,057 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TXN. TD Securities reaffirmed a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. The Goldman Sachs Group started coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They set a "buy" rating and a $255.00 price objective on the stock. Arete initiated coverage on Texas Instruments in a research note on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price target on the stock. Finally, Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Four 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $212.21.

Texas Instruments Price Performance

TXN traded down $3.51 on Monday, reaching $183.71. The stock had a trading volume of 6,441,025 shares, compared to its average volume of 8,070,119. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The firm has a 50-day moving average of $200.90 and a 200-day moving average of $184.87. 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 has a market capitalization of $167.02 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 3.06 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 analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared 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. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, July 31st. Texas Instruments's 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.