Pacer Advisors Inc. Has $19.25 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Pacer Advisors Inc. reduced its holdings in Texas Instruments by 21.3%, owning 107,104 shares after selling 29,018 shares during the first quarter.
• Texas Instruments reported earnings of $1.41 EPS for the latest quarter, surpassing analysts' expectations of $1.32 and marking a 16.4% increase in revenue compared to the same period last year.
• The company announced a quarterly dividend of $1.36 per share, resulting in an annualized dividend of $5.44 and a yield of 2.94%.

Pacer Advisors Inc. lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 21.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 107,104 shares of the semiconductor company's stock after selling 29,018 shares during the quarter. Pacer Advisors Inc.'s holdings in Texas Instruments were worth $19,247,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Kestra Private Wealth Services LLC increased its position in Texas Instruments by 10.9% during the first quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company's stock worth $11,462,000 after acquiring an additional 6,267 shares during the period. Gries Financial LLC bought a new position in Texas Instruments during the first quarter worth about $243,000. Brighton Jones LLC increased its position in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. JARISLOWSKY FRASER Ltd increased its position in Texas Instruments by 7.4% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after acquiring an additional 165 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Texas Instruments by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock worth $89,050,000 after acquiring an additional 11,057 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TXN. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Stifel Nicolaus raised their target price on shares of Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a report on Friday, July 18th. Mizuho decreased their target price on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Seaport Res Ptn raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Finally, The Goldman Sachs Group began coverage on shares of Texas Instruments in a report on Thursday, July 10th. They issued a "buy" rating and a $255.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Trading Down 1.0%

TXN traded down $2.01 during trading on Wednesday, reaching $189.37. 1,162,191 shares of the company's stock were exchanged, compared to its average volume of 7,353,146. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. 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 stock has a market capitalization of $172.04 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 3.10 and a beta of 1.03. The firm has a fifty day moving average price of $200.37 and a two-hundred day moving average price of $185.46.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.87%. Texas Instruments's dividend payout ratio (DPR) is currently 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.