Moors & Cabot Inc. Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Moors & Cabot Inc. reduced its stake in Texas Instruments by 19.8%, holding 8,409 shares worth approximately $1,511,000 after selling 2,080 shares in the first quarter.
• Texas Instruments reported earnings of $1.41 EPS, exceeding expectations, with a revenue of $4.45 billion, a 16.4% increase from the previous year.
• The company announced a quarterly dividend of $1.36 per share, indicating a 3.0% dividend yield with a payout ratio of 99.63%.

Moors & Cabot Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 19.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,409 shares of the semiconductor company's stock after selling 2,080 shares during the quarter. Moors & Cabot Inc.'s holdings in Texas Instruments were worth $1,511,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. ProVise Management Group LLC lifted its position in shares of Texas Instruments by 6.7% during the 1st 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 last quarter. Howland Capital Management LLC lifted its position in shares of Texas Instruments by 75.6% during the 1st 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 last quarter. Nicolet Advisory Services LLC lifted its position in shares of Texas Instruments by 13.5% during the 1st 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 last quarter. EFG Asset Management Americas Corp. lifted its position in shares of Texas Instruments by 1.0% during the 1st quarter. EFG Asset Management Americas Corp. now owns 9,400 shares of the semiconductor company's stock worth $1,689,000 after buying an additional 95 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Texas Instruments by 768.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 92,439 shares of the semiconductor company's stock worth $16,611,000 after buying an additional 81,792 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $180.86 on Friday. The firm has a market capitalization of $164.43 billion, a P/E ratio of 33.12, a PEG ratio of 2.97 and a beta of 1.03. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company's fifty day moving average is $200.56 and its two-hundred day moving average is $185.25. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 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 business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous 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. Analysts forecast that Texas Instruments Incorporated will post 5.35 EPS 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 given a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.0%. Texas Instruments's payout ratio is currently 99.63%.

Analysts Set New Price Targets

TXN has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They set a "buy" rating and a $255.00 price objective for the company. Benchmark lifted their target price on shares of Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Robert W. Baird lifted their target price on shares of Texas Instruments from $175.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. KeyCorp lifted their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, TD Cowen cut their target price on shares of Texas Instruments from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Four investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $212.21.

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.

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