US Bancorp DE Has $152.85 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• US Bancorp DE reduced its stake in Texas Instruments by 5.8%, now holding approximately $152.85 million worth of shares.
• Texas Instruments reported $1.41 EPS for the last quarter, surpassing estimates, with revenue increasing 16.4% year-over-year.
• The company recently declared a quarterly dividend of $1.36 per share, with an annualized yield of 3.0%.

US Bancorp DE lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 850,550 shares of the semiconductor company's stock after selling 52,053 shares during the quarter. US Bancorp DE owned approximately 0.09% of Texas Instruments worth $152,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in Texas Instruments in the 1st quarter valued at $28,000. Copia Wealth Management acquired a new stake in Texas Instruments in the 4th quarter valued at $30,000. Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments in the 1st quarter valued at $34,000. Park Square Financial Group LLC acquired a new stake in Texas Instruments in the 4th quarter valued at $41,000. Finally, N.E.W. Advisory Services LLC bought a new position in Texas Instruments during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Seaport Res Ptn upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Morgan Stanley restated an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Mizuho dropped their price objective on Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Arete assumed coverage on Texas Instruments in a research note on Thursday, June 26th. They set a "neutral" rating and a $203.80 price objective on the stock. Finally, Cowen restated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned 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, the stock presently has an average rating of "Hold" and a consensus target price of $212.21.

Texas Instruments Stock Down 4.5%

Shares of NASDAQ TXN opened at $181.06 on Friday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. 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 firm has a market capitalization of $164.61 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 3.11 and a beta of 1.03. The business has a 50-day moving average of $200.47 and a 200-day moving average of $185.42.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued 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 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 analyst estimates of $4.31 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Texas Instruments's revenue was up 16.4% on a year-over-year basis. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.0%. Texas Instruments's payout ratio is presently 99.63%.

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.

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