RFG Advisory LLC Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

RFG Advisory LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.5% during the second quarter, HoldingsChannel.com reports. The firm owned 17,853 shares of the semiconductor company’s stock after selling 1,042 shares during the quarter. RFG Advisory LLC’s holdings in Texas Instruments were worth $3,473,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. bought a new position in Texas Instruments in the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new position in Texas Instruments in the 4th quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. bought a new position in Texas Instruments in the 4th quarter valued at approximately $31,000. Finally, Westend Capital Management LLC bought a new position in shares of Texas Instruments during the 1st quarter valued at $31,000. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on TXN shares. Mizuho upped their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group upped their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. KeyCorp upped their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group upped their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $198.64.

Texas Instruments Trading Down 0.3 %

NASDAQ TXN traded down $0.66 during trading on Monday, hitting $191.55. The stock had a trading volume of 1,553,080 shares, compared to its average volume of 5,529,433. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The stock has a market capitalization of $174.40 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 4.07 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $210.84. The stock has a 50 day simple moving average of $196.91 and a 200 day simple moving average of $181.67.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company’s revenue was down 15.6% on a year-over-year basis. Sell-side analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio is 81.12%.

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.