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 lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,569 shares of the semiconductor company's stock after selling 7,133 shares during the period. Texas Instruments accounts for approximately 1.7% of Shufro Rose & Co. LLC's holdings, making the stock its 16th biggest position. Shufro Rose & Co. LLC's holdings in Texas Instruments were worth $21,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after acquiring an additional 17,840 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Texas Instruments in the 4th quarter valued at about $69,000. Trexquant Investment LP lifted its holdings in shares of Texas Instruments by 59.7% in the 4th quarter. Trexquant Investment LP now owns 9,494 shares of the semiconductor company's stock valued at $1,780,000 after acquiring an additional 3,549 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Texas Instruments by 34.4% in the 4th quarter. World Investment Advisors now owns 9,399 shares of the semiconductor company's stock valued at $1,762,000 after acquiring an additional 2,406 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TXN. Wells Fargo & Company lowered their price target on shares of Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. KeyCorp raised their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Finally, Stifel Nicolaus raised their price objective on shares of Texas Instruments from $160.00 to $192.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. Four equities research 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $212.21.

Texas Instruments Stock Performance

Shares of TXN stock opened at $181.06 on Friday. The firm has a market cap of $164.61 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 3.11 and a beta of 1.03. The company's 50 day moving average is $200.47 and its 200 day moving average is $185.42. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. 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 data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. Texas Instruments's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders 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 is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 99.63%.

Texas Instruments 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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