Assenagon Asset Management S.A. Has $289.70 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Assenagon Asset Management S.A. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 66.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,612,120 shares of the semiconductor company's stock after selling 3,182,526 shares during the quarter. Texas Instruments comprises 0.5% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 28th biggest holding. Assenagon Asset Management S.A. owned approximately 0.18% of Texas Instruments worth $289,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after purchasing an additional 649,620 shares during the period. Geode Capital Management LLC increased its stake in shares of Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after buying an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the period. Norges Bank purchased a new position in Texas Instruments in the fourth quarter valued at about $2,584,490,000. Finally, Alliancebernstein L.P. boosted its holdings in Texas Instruments by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after acquiring an additional 822,797 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of TXN traded down $0.03 on Thursday, reaching $199.66. The stock had a trading volume of 3,254,959 shares, compared to its average volume of 6,360,220. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average of $171.94 and a 200 day moving average of $182.19. The firm has a market capitalization of $181.39 billion, a PE ratio of 38.47, a PEG ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. Sell-side analysts expect 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, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.72%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Argus upgraded Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Summit Insights lowered Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, KeyCorp reduced their price target on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $189.86.

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.