Baillie Gifford & Co. Sells 182,671 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Baillie Gifford & Co. reduced its holdings in Texas Instruments by 7.1%, selling 182,671 shares, while the firm's stake is valued at approximately $430,122,000.
• Texas Instruments announced a quarterly dividend of $1.36 per share, with an annualized yield of 2.93%, to be paid on August 12th.
• Several analysts have given Texas Instruments a mix of ratings, with Argus upgrading it to a "strong-buy" and Barclays downgrading it to "underweight", reflecting varied market sentiments.

Baillie Gifford & Co. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,393,554 shares of the semiconductor company's stock after selling 182,671 shares during the period. Baillie Gifford & Co. owned approximately 0.26% of Texas Instruments worth $430,122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments during the 1st quarter worth about $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments during the 4th quarter worth about $30,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments during the 1st quarter worth about $34,000. Finally, Park Square Financial Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on TXN shares. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. TD Cowen cut their price objective on Texas Instruments from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a report on Tuesday, July 22nd. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus upped their price target on Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a report 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus target price of $212.21.

Texas Instruments Price Performance

NASDAQ TXN traded up $2.74 during trading hours on Tuesday, reaching $191.99. 2,850,209 shares of the company's stock were exchanged, compared to its average volume of 7,365,891. The stock has a market cap of $174.41 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 3.03 and a beta of 1.03. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The firm has a fifty day moving average of $200.32 and a 200-day moving average of $185.42. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly 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. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. Texas Instruments's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal 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 $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. Texas Instruments's payout ratio is 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.