Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in Texas Instruments by 3.2%, selling 30,826 shares, leaving them with 926,123 shares valued at approximately $166.4 million.
• Texas Instruments recently beat analyst earnings expectations with reported EPS of $1.41 for the quarter, exceeding the consensus estimate of $1.32.
• The company declared a quarterly dividend of $1.36 per share, representing an annualized yield of 2.94%, with an upcoming payout date on August 12th.

TD Asset Management Inc lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 926,123 shares of the semiconductor company's stock after selling 30,826 shares during the period. TD Asset Management Inc owned about 0.10% of Texas Instruments worth $166,424,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after acquiring an additional 267,352 shares during the last quarter. Alliancebernstein L.P. lifted its position in Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after acquiring an additional 822,797 shares during the last quarter. Invesco Ltd. lifted its position in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. Northern Trust Corp lifted its position in Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after acquiring an additional 1,132,187 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Texas Instruments by 3.7% during 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 valued at $1,511,819,000 after acquiring an additional 288,672 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 0.7%

TXN stock traded down $1.33 during trading on Wednesday, reaching $190.05. 1,540,107 shares of the stock were exchanged, compared to its average volume of 7,355,689. 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 business has a 50 day moving average price of $200.37 and a 200-day moving average price of $185.46. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The firm has a market capitalization of $172.65 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 3.10 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. Texas Instruments's quarterly revenue was up 16.4% compared to the same quarter last year. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of analyst reports. BNP Paribas raised shares of Texas Instruments to a "strong sell" rating in a research report on Wednesday, July 23rd. Arete Research upgraded shares of Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Rosenblatt Securities restated a "buy" rating and set a $245.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. KeyCorp raised their price target on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, UBS Group set a $255.00 target price on shares of Texas Instruments in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.