AustralianSuper Pty Ltd Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

AustralianSuper Pty Ltd boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3,562.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,894 shares of the semiconductor company's stock after purchasing an additional 383,138 shares during the quarter. AustralianSuper Pty Ltd's holdings in Texas Instruments were worth $70,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in TXN. Summit Securities Group LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $27,000. Cloud Capital Management LLC purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $28,000. Copia Wealth Management purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $30,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $34,000. Finally, Park Square Financial Group LLC purchased a new position in Texas Instruments during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Summit Insights lowered Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Argus raised Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Arete Research raised Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Finally, UBS Group reissued a "buy" rating and issued a $255.00 price objective (up previously from $245.00) on shares of Texas Instruments in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $204.87.

Texas Instruments Price Performance

NASDAQ:TXN traded up $0.03 during mid-day trading on Friday, hitting $216.62. 4,535,481 shares of the company's stock traded hands, compared to its average volume of 6,466,299. The company has a market cap of $196.79 billion, a PE ratio of 41.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The firm's 50 day simple moving average is $199.35 and its 200 day simple moving average is $185.24.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the prior year, the company posted $1.10 earnings per share. The firm's quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business 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 $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio is presently 103.23%.

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.