Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Texas Instruments by 25.5%, now holding 52,254 shares worth approximately $9.39 million.
• Texas Instruments reported quarterly earnings of $1.41 EPS, surpassing analysts' expectations, and recorded a revenue increase of 16.4% year-over-year, reaching $4.45 billion.
• The company declared a quarterly dividend of $1.36 per share, resulting in an annualized dividend yield of 2.8%.

Gulf International Bank UK Ltd cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 25.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,254 shares of the semiconductor company's stock after selling 17,891 shares during the period. Gulf International Bank UK Ltd's holdings in Texas Instruments were worth $9,390,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments during the first quarter valued at $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments during the fourth quarter valued at $30,000. Dagco Inc. acquired a new position in shares of Texas Instruments during the first quarter valued at $32,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments during the first quarter valued at $34,000. Finally, Park Square Financial Group LLC acquired a new position in shares of Texas Instruments during the fourth quarter valued at $41,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Up 5.0%

TXN opened at $192.97 on Wednesday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The business has a 50-day moving average of $201.00 and a 200-day moving average of $184.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The company has a market capitalization of $175.44 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03.

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

Texas Instruments Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TXN. Wolfe Research raised Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price target on the stock in a report on Monday, July 28th. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Arete initiated coverage on Texas Instruments in a research note on Thursday, June 26th. They set a "neutral" rating and a $203.80 target price for the company. BNP Paribas raised Texas Instruments to a "strong sell" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised their target price on Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.

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