Shufro Rose & Co. LLC Sells 7,133 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Shufro Rose & Co. LLC sold 7,133 shares of Texas Instruments Incorporated, reducing its stake by 5.5% and making the stock its 16th largest holding.
• Analysts have mixed ratings on Texas Instruments, with some lowering price targets while others have upgraded their ratings, resulting in a consensus rating of "Hold" and an average price target of $212.21.
• The company announced a quarterly dividend of $1.36 per share, representing a 3.0% yield for shareholders and reflecting a >99% dividend payout ratio.

Shufro Rose & Co. LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,569 shares of the semiconductor company's stock after selling 7,133 shares during the period. Texas Instruments accounts for about 1.7% of Shufro Rose & Co. LLC's investment portfolio, making the stock its 16th biggest holding. Shufro Rose & Co. LLC's holdings in Texas Instruments were worth $21,846,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after buying an additional 56 shares during the period. Voya Financial Advisors Inc. boosted its holdings in Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 58 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its holdings in Texas Instruments by 1.7% during the first quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock worth $628,000 after purchasing an additional 60 shares during the last quarter. Dunhill Financial LLC boosted its holdings in Texas Instruments by 3.7% during the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 61 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Texas Instruments by 2.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock worth $577,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Up 1.6%

Shares of NASDAQ TXN traded up $2.85 during midday trading on Tuesday, reaching $185.58. The stock had a trading volume of 3,297,064 shares, compared to its average volume of 7,360,654. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The company's 50 day moving average price is $200.69 and its 200 day moving average price is $185.17. The firm has a market cap of $168.71 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 2.97 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. The firm 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 company's revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.9%. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

Analysts Set New Price Targets

TXN has been the subject of several recent research reports. Arete Research upgraded shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $245.00 price target on shares of Texas Instruments in a research note on Wednesday, July 23rd. The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They issued a "buy" rating and a $255.00 price target for the company. Citigroup reiterated a "buy" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. 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 assigned a strong buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of "Hold" and a consensus target price of $212.21.

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.