Mutual Advisors LLC Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Mutual Advisors LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,065 shares of the semiconductor company's stock after selling 1,815 shares during the quarter. Mutual Advisors LLC's holdings in Texas Instruments were worth $2,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in Texas Instruments in the 4th quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $27,000. Copia Wealth Management bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments in the first quarter worth $34,000. Finally, Atala Financial Inc bought a new stake in Texas Instruments in the fourth quarter valued at $37,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Down 0.0%

TXN stock traded down $0.03 during midday trading on Friday, hitting $215.57. The company's stock had a trading volume of 2,561,140 shares, compared to its average volume of 6,442,888. The firm's 50-day moving average is $188.48 and its 200-day moving average is $183.28. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a market cap of $195.83 billion, a PE ratio of 40.90, a P/E/G ratio of 3.52 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.52%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Wall Street Analyst Weigh In

Several brokerages have commented on TXN. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Stifel Nicolaus decreased their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Benchmark reduced their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company set a $190.00 target price on Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $191.49.

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.