Texas Instruments Incorporated $TXN Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its holdings in Texas Instruments by 6.2%, owning approximately 19.58 million shares after selling 1.3 million shares.
• Texas Instruments reported earnings of $1.41 per share for the last quarter, exceeding estimates and showing a 16.4% revenue growth year-over-year.
• The company declared a quarterly dividend of $1.36 per share, which represents an annualized yield of 2.8%, with a high dividend payout ratio of 99.63%.

Wellington Management Group LLP trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,582,696 shares of the semiconductor company's stock after selling 1,297,318 shares during the period. Texas Instruments comprises approximately 0.7% of Wellington Management Group LLP's holdings, making the stock its 25th largest holding. Wellington Management Group LLP owned about 2.16% of Texas Instruments worth $3,519,010,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new stake in Texas Instruments in the first quarter worth $28,000. Copia Wealth Management acquired a new stake in Texas Instruments during the 4th quarter worth about $30,000. Dagco Inc. acquired a new stake in Texas Instruments during the 1st quarter worth about $32,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments during the 1st quarter valued at about $34,000. Finally, Park Square Financial Group LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at approximately $41,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. TD Securities restated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Rosenblatt Securities reaffirmed a "buy" rating and set a $245.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 23rd. Mizuho reduced their price target on Texas Instruments from $205.00 to $200.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and a consensus target price of $212.21.

Texas Instruments Price Performance

TXN stock opened at $194.57 on Monday. The firm has a 50 day moving average price of $201.16 and a 200-day moving average price of $185.16. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The firm has a market capitalization of $176.89 billion, a price-to-earnings 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.

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

Texas Instruments Announces Dividend

The company also recently declared 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. This represents a $5.44 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. Texas Instruments's dividend payout ratio is presently 99.63%.

Texas Instruments 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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