Banque Cantonale Vaudoise Invests $7.79 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Banque Cantonale Vaudoise acquired a new position in Texas Instruments, purchasing 43,353 shares valued at approximately $7.79 million during the first quarter.
• Texas Instruments reported $1.41 earnings per share for the latest quarter, surpassing analysts' estimates, alongside a revenue increase of 16.4% compared to the same quarter last year.
• The company announced a quarterly dividend of $1.36, with an annualized dividend yield of 2.87%, indicating a high dividend payout ratio of 99.63%.

Banque Cantonale Vaudoise acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 43,353 shares of the semiconductor company's stock, valued at approximately $7,791,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its stake in shares of Texas Instruments by 10.9% during the first quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company's stock valued at $11,462,000 after acquiring an additional 6,267 shares during the last quarter. Gries Financial LLC acquired a new stake in shares of Texas Instruments during the first quarter valued at $243,000. Brighton Jones LLC boosted its stake in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares during the last quarter. JARISLOWSKY FRASER Ltd boosted its stake in shares of Texas Instruments by 7.4% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock valued at $448,000 after acquiring an additional 165 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Texas Instruments by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock valued at $89,050,000 after acquiring an additional 11,057 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $0.05 during midday trading on Friday, reaching $181.11. 4,132,992 shares of the company traded hands, compared to its average volume of 7,389,351. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The firm has a market capitalization of $164.65 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 3.11 and a beta of 1.03. 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 company has a fifty day moving average price of $200.47 and a 200 day moving average price of $185.42.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced 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. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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 of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 3.0%. Texas Instruments's payout ratio is presently 99.63%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. DZ Bank reaffirmed a "sell" rating and set a $158.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 23rd. TD Securities reaffirmed a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Argus upgraded Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Arete Research upgraded Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.