Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Ranch Capital Advisors Inc.

Key Points

• Ranch Capital Advisors Inc. significantly reduced its stake in Texas Instruments by 72.7% in the first quarter, now holding 2,701 shares valued at approximately $485,000.
• Texas Instruments reported a better-than-expected earnings per share of $1.41 for the last quarter, higher than the anticipated $1.32, contributing to a 16.4% year-over-year revenue increase of $4.45 billion.
• The company announced a quarterly dividend of $1.36 per share, representing an annualized dividend yield of 3.0%, with a high dividend payout ratio of 99.63%.

Ranch Capital Advisors Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 72.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,701 shares of the semiconductor company's stock after selling 7,205 shares during the period. Ranch Capital Advisors Inc.'s holdings in Texas Instruments were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of TXN. Invesco Ltd. lifted its stake in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Northern Trust Corp increased its holdings in Texas Instruments by 12.2% in 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 buying an additional 1,132,187 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Texas Instruments by 3.7% in 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 worth $1,511,819,000 after acquiring an additional 288,672 shares during the period. Capital International Investors boosted its stake in shares of Texas Instruments by 26.3% during the 4th quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock worth $974,054,000 after acquiring an additional 1,080,782 shares in the last quarter. Finally, Fayez Sarofim & Co boosted its stake in shares of Texas Instruments by 3.7% during the 4th quarter. Fayez Sarofim & Co now owns 4,693,267 shares of the semiconductor company's stock worth $887,343,000 after acquiring an additional 168,936 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Price Performance

TXN remained flat at $185.91 during trading hours on Thursday. The company had a trading volume of 6,560,410 shares, compared to its average volume of 7,913,009. The business has a fifty day moving average of $200.78 and a 200-day moving average of $185.13. 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 stock has a market cap of $169.02 billion, a PE ratio of 34.05, a PEG ratio of 3.03 and a beta of 1.03. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate 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%. The company's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 EPS. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be given a dividend of $1.36 per share. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.9%. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Citigroup restated a "buy" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. 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. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Susquehanna reduced their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Tuesday, July 22nd. Four equities research 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.