Alpha Family Trust Boosts Stock Position in Texas Instruments Incorporated $TXN

Key Points

• Alpha Family Trust increased its stake in Texas Instruments by 258.1% in the first quarter, owning 5,730 shares worth over $1 million.
• Texas Instruments reported earnings of $1.41 per share, surpassing analysts' expectations, with revenues of $4.45 billion for the quarter, a 16.4% increase year-over-year.
• The firm declared a quarterly dividend of $1.36 per share, representing an annualized yield of 2.8%, with a high payout ratio of 99.63%.

Alpha Family Trust lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 258.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,730 shares of the semiconductor company's stock after buying an additional 4,130 shares during the quarter. Alpha Family Trust's holdings in Texas Instruments were worth $1,030,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TXN. Vanguard Group Inc. increased its holdings in Texas Instruments by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company's stock worth $16,895,567,000 after acquiring an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Texas Instruments by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company's stock valued at $3,938,274,000 after buying an additional 428,356 shares during the last quarter. Invesco Ltd. raised its position in shares of Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock valued at $2,448,335,000 after buying an additional 1,731,411 shares during the last quarter. Northern Trust Corp raised its position in shares of Texas Instruments by 0.9% in the first quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company's stock valued at $1,885,770,000 after buying an additional 95,980 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Texas Instruments by 9.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,831,420 shares of the semiconductor company's stock valued at $1,587,006,000 after acquiring an additional 745,119 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Up 0.4%

Shares of NASDAQ:TXN opened at $194.57 on Monday. 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 firm has a market capitalization of $176.89 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 3.18 and a beta of 1.03. The firm's 50-day moving average is $201.16 and its two-hundred day moving average is $185.16. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69.

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

Texas Instruments Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Texas Instruments from $175.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. DZ Bank reiterated a "sell" rating and issued a $158.00 price objective on shares of Texas Instruments in a report on Wednesday, July 23rd. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Wolfe Research raised shares of Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price target on the stock in a research report on Monday, July 28th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $212.21.

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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