Nicholas Hoffman & Company LLC. Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Nicholas Hoffman & Company LLC reduced its stake in Texas Instruments by 26.8%, owning 3,750 shares worth $674,000 after selling 1,375 shares in Q1.
• Texas Instruments recently reported earnings of $1.41 per share, exceeding estimates, with quarterly revenue of $4.45 billion—a 16.4% increase year-over-year.
• The company announced a quarterly dividend of $1.36, yielding 2.9%, to be paid on August 12th, with a dividend payout ratio of 99.63%.

Nicholas Hoffman & Company LLC. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 26.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,750 shares of the semiconductor company's stock after selling 1,375 shares during the quarter. Nicholas Hoffman & Company LLC.'s holdings in Texas Instruments were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments during the 1st quarter valued at $28,000. Copia Wealth Management bought a new position in Texas Instruments in the fourth quarter valued at $30,000. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments during the first quarter valued at about $34,000. Park Square Financial Group LLC bought a new stake in Texas Instruments during the fourth quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Texas Instruments in the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Seaport Res Ptn raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Benchmark increased their price target on shares of Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $160.00 to $192.00 and gave the stock a "hold" rating in a report on Friday, July 18th. KeyCorp upped their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Arete assumed coverage on shares of Texas Instruments in a report on Thursday, June 26th. They set a "neutral" rating and a $203.80 target price on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average price target of $212.21.

Texas Instruments Stock Up 0.3%

Shares of NASDAQ:TXN opened at $185.91 on Thursday. The firm has a market capitalization of $169.02 billion, a P/E ratio of 34.05, a P/E/G ratio of 3.04 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The stock has a 50 day moving average price of $200.77 and a 200-day moving average price of $185.18. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed 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. This represents a $5.44 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio is 99.63%.

Texas Instruments Company 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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