Benjamin Edwards Inc. Has $46.99 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Benjamin Edwards Inc. increased its holdings in Texas Instruments by 14.3% in Q1, holding 261,503 shares valued at approximately $46.99 million.
• Texas Instruments recently reported earnings of $1.41 per share, exceeding estimates, with a quarterly revenue of $4.45 billion, reflecting a 16.4% increase from the previous year.
• The company declared a quarterly dividend of $1.36, with a 2.9% dividend yield, set to be paid on August 12th to investors of record by July 31st.

Benjamin Edwards Inc. raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 261,503 shares of the semiconductor company's stock after acquiring an additional 32,675 shares during the period. Benjamin Edwards Inc.'s holdings in Texas Instruments were worth $46,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Frank Rimerman Advisors LLC grew its stake in shares of Texas Instruments by 47.2% in the 1st quarter. Frank Rimerman Advisors LLC now owns 16,539 shares of the semiconductor company's stock valued at $2,972,000 after buying an additional 5,305 shares during the period. Cynosure Group LLC boosted its position in Texas Instruments by 15.6% during the first quarter. Cynosure Group LLC now owns 2,328 shares of the semiconductor company's stock valued at $418,000 after buying an additional 314 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Texas Instruments during the first quarter worth about $509,000. Townsquare Capital LLC boosted its holdings in shares of Texas Instruments by 6.8% during the first quarter. Townsquare Capital LLC now owns 106,301 shares of the semiconductor company's stock worth $19,103,000 after purchasing an additional 6,756 shares during the period. Finally, Founders Financial Alliance LLC raised its stake in Texas Instruments by 32.5% in the first quarter. Founders Financial Alliance LLC now owns 3,256 shares of the semiconductor company's stock worth $585,000 after buying an additional 799 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TXN. DZ Bank reiterated a "sell" rating and set a $158.00 price target on shares of Texas Instruments in a research note on Wednesday, July 23rd. Seaport Res Ptn raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Cowen restated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $212.21.

Texas Instruments Trading Down 1.9%

Shares of Texas Instruments stock traded down $3.51 during trading hours on Monday, reaching $183.71. 6,441,025 shares of the company's stock were exchanged, compared to its average volume of 8,070,119. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The firm has a market capitalization of $167.02 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 3.06 and a beta of 1.03. 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 moving average of $200.91 and a 200-day moving average of $184.88.

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

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 3.0%. Texas Instruments's dividend payout ratio (DPR) is 99.63%.

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.