Savvy Advisors Inc. Sells 1,351 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Savvy Advisors Inc. reduced its stake in Texas Instruments by 19.0%, selling 1,351 shares and leaving them with 5,768 shares worth $1,037,000.
• Texas Instruments reported a Q2 EPS of $1.41, exceeding estimates, with a revenue of $4.45 billion, up 16.4% year-over-year.
• The company declared a quarterly dividend of $1.36 per share, set to be paid on August 12th, with a yield of 2.9%.

Savvy Advisors Inc. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 19.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,768 shares of the semiconductor company's stock after selling 1,351 shares during the quarter. Savvy Advisors Inc.'s holdings in Texas Instruments were worth $1,037,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Texas Instruments by 0.5% during the first quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company's stock valued at $16,895,567,000 after purchasing an additional 453,683 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company's stock worth $3,938,274,000 after purchasing an additional 428,356 shares during the period. Northern Trust Corp boosted its position in shares of Texas Instruments by 12.2% in the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after purchasing an additional 1,132,187 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Texas Instruments by 9.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,831,420 shares of the semiconductor company's stock worth $1,587,006,000 after purchasing an additional 745,119 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Texas Instruments by 3.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,062,604 shares of the semiconductor company's stock worth $1,511,819,000 after purchasing an additional 288,672 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $245.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. Stifel Nicolaus upped their price target on shares of Texas Instruments from $160.00 to $192.00 and gave the stock a "hold" rating in a research report on Friday, July 18th. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. The Goldman Sachs Group started coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They set a "buy" rating and a $255.00 target price for the company. Finally, Arete started coverage on shares of Texas Instruments in a research report on Thursday, June 26th. They set a "neutral" rating and a $203.80 target price for the company. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $212.21.

Texas Instruments Trading Down 1.9%

Shares of TXN traded down $3.51 during midday trading on Monday, hitting $183.71. The stock had a trading volume of 6,441,025 shares, compared to its average volume of 8,070,119. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The firm has a market cap of $167.02 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 3.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The stock's 50 day moving average is $200.91 and its 200 day moving average is $184.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS 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 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 firm's revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 EPS. As a group, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

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.