Mutual of America Capital Management LLC Sells 3,415 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mutual of America Capital Management LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 105,851 shares of the semiconductor company's stock after selling 3,415 shares during the period. Mutual of America Capital Management LLC's holdings in Texas Instruments were worth $19,021,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in Texas Instruments by 14.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after acquiring an additional 17,840 shares during the period. Proficio Capital Partners LLC raised its holdings in Texas Instruments by 69.0% during the 4th quarter. Proficio Capital Partners LLC now owns 3,834 shares of the semiconductor company's stock valued at $719,000 after acquiring an additional 1,566 shares during the period. HBK Sorce Advisory LLC raised its holdings in Texas Instruments by 43.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,849 shares of the semiconductor company's stock valued at $534,000 after acquiring an additional 859 shares during the period. Finally, Balboa Wealth Partners bought a new position in shares of Texas Instruments in the fourth quarter worth $213,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Down 0.8%

Shares of Texas Instruments stock traded down $1.72 during trading on Wednesday, reaching $216.64. 6,420,620 shares of the stock were exchanged, compared to its average volume of 6,461,824. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The stock's fifty day moving average is $196.41 and its 200 day moving average is $184.64. The firm has a market cap of $196.81 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 3.58 and a beta of 1.03. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.51%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TXN shares. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Rosenblatt Securities reissued a "buy" rating and set a $216.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Wells Fargo & Company boosted their price objective on Texas Instruments from $190.00 to $215.00 and gave the stock an "equal weight" rating in a report on Wednesday. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a report on Friday, April 25th. Finally, The Goldman Sachs Group initiated coverage on Texas Instruments in a research note on Thursday, July 10th. They issued a "buy" rating and a $255.00 target price on the stock. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $203.53.

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.