Motco Sells 2,869 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Motco has decreased its holdings in Texas Instruments by 9.0%, selling 2,869 shares and bringing their total shares to 29,037 with a value of approximately $5.2 million.
• Analyst ratings for Texas Instruments show a consensus rating of "Hold" with a price target average of $211.40, while several analysts have issued mixed ratings indicating cautious optimism.
• The company has announced a quarterly dividend of $1.36 per share, resulting in an annualized dividend yield of 2.94%, with a current payout ratio of 99.63%.

Motco cut its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,037 shares of the semiconductor company's stock after selling 2,869 shares during the period. Motco's holdings in Texas Instruments were worth $5,218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after purchasing an additional 267,352 shares during the last quarter. Alliancebernstein L.P. raised its position in Texas Instruments by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after purchasing an additional 822,797 shares during the period. Invesco Ltd. grew its stake in shares of Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares in the last quarter. Northern Trust Corp boosted its stake in Texas Instruments by 12.2% in the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after acquiring an additional 1,132,187 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Texas Instruments by 3.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,062,604 shares of the semiconductor company's stock worth $1,511,819,000 after buying an additional 288,672 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 0.8%

NASDAQ TXN traded down $1.51 during trading on Wednesday, reaching $189.87. 2,309,082 shares of the company's stock were exchanged, compared to its average volume of 7,359,777. 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 market capitalization of $172.49 billion, a PE ratio of 34.81, a P/E/G 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 fifty day simple moving average is $200.37 and its 200-day simple moving average is $185.46.

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. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

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 of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.87%. Texas Instruments's payout ratio is presently 99.63%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TXN. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. TD Cowen cut their price objective on shares of Texas Instruments from $245.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Robert W. Baird upped their price objective on shares of Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group assumed coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They issued a "buy" rating and a $255.00 price target for the company. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.