Ninety One UK Ltd Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Ninety One UK Ltd lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 521,779 shares of the semiconductor company's stock after selling 16,475 shares during the period. Ninety One UK Ltd owned approximately 0.06% of Texas Instruments worth $93,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $27,000. Cloud Capital Management LLC bought a new stake in shares of Texas Instruments in the 1st quarter worth approximately $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $30,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments in the 1st quarter worth approximately $34,000. Finally, Atala Financial Inc bought a new stake in Texas Instruments during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

TXN stock opened at $213.41 on Tuesday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company has a market cap of $193.88 billion, a P/E ratio of 40.50, a PEG ratio of 3.52 and a beta of 1.03. The firm has a 50-day moving average of $189.50 and a 200 day moving average of $183.45. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $3.91 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is 103.23%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. UBS Group boosted their target price on shares of Texas Instruments from $215.00 to $245.00 and gave the company a "buy" rating in a report on Monday. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Cantor Fitzgerald decreased their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, TD Securities reaffirmed a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average price target of $194.41.

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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