ASR Vermogensbeheer N.V. Buys Shares of 98,815 Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• ASR Vermogensbeheer N.V. acquired 98,815 shares of Texas Instruments, valued at approximately $17.76 million, marking a significant purchase in the semiconductor sector.
• Texas Instruments reported earnings of $1.41 per share, exceeding analyst expectations, and experienced a 16.4% increase in revenue year-over-year, with a net margin of 30.23%.
• The company declared a quarterly dividend of $1.36 per share, reflecting a current yield of 2.9% and a payout ratio near 100%.

ASR Vermogensbeheer N.V. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 98,815 shares of the semiconductor company's stock, valued at approximately $17,758,000.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Cloud Capital Management LLC acquired a new stake in shares of Texas Instruments during the first quarter worth $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments during the fourth quarter worth $30,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments during the first quarter worth $34,000. Park Square Financial Group LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $41,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Texas Instruments in the first quarter valued at approximately $42,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 1.5%

Shares of NASDAQ:TXN opened at $185.40 on Wednesday. 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 company has a fifty day simple moving average of $200.73 and a 200 day simple moving average of $185.17. The firm has a market cap of $168.55 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 3.00 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 released its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm 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. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.9%. Texas Instruments's payout ratio is presently 99.63%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TXN. DZ Bank restated a "sell" rating and issued a $158.00 target price on shares of Texas Instruments in a report on Wednesday, July 23rd. Wolfe Research upgraded shares of Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 target price for the company in a report on Monday, July 28th. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a report on Friday, July 18th. JPMorgan Chase & Co. boosted their target price 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. Finally, Seaport Res Ptn upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target 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.

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