Dimensional Fund Advisors LP Sells 55,820 Shares of Texas Instruments Incorporated $TXN

Key Points

• Dimensional Fund Advisors LP reduced its stake in Texas Instruments by 1.8%, holding 3,087,152 shares worth approximately $554.7 million as of their latest SEC filing.
• Texas Instruments reported a stronger-than-expected quarterly performance, with earnings per share of $1.41, exceeding estimates by $0.09, and revenue of $4.45 billion, up 16.4% year-over-year.
• The semiconductor company recently announced a quarterly dividend of $1.36, representing an annualized dividend yield of 2.8%.

Dimensional Fund Advisors LP lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,087,152 shares of the semiconductor company's stock after selling 55,820 shares during the period. Dimensional Fund Advisors LP owned 0.34% of Texas Instruments worth $554,702,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in Texas Instruments during the 1st quarter worth about $28,000. Copia Wealth Management bought a new stake in Texas Instruments in the 4th quarter valued at $30,000. Dagco Inc. acquired a new stake in shares of Texas Instruments during the 1st quarter worth $32,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments during the first quarter valued at about $34,000. Finally, Park Square Financial Group LLC bought a new position in shares of Texas Instruments during the fourth quarter worth about $41,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Up 0.4%

Shares of NASDAQ TXN traded up $0.86 during trading on Friday, reaching $194.57. The stock had a trading volume of 5,871,480 shares, compared to its average volume of 8,377,313. The company has a market cap of $176.89 billion, a P/E ratio of 35.64, a PEG ratio of 3.18 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The business's 50-day moving average price is $201.16 and its 200-day moving average price is $185.16. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69.

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

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.8%. Texas Instruments's payout ratio is presently 99.63%.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research analyst reports. 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. Wolfe Research upgraded Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price target on the stock in a research note on Monday, July 28th. Arete began coverage on Texas Instruments in a research report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 target price on the stock. Stifel Nicolaus upped their target price on Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Finally, Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Four equities 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 issued 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.

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.