Charles Schwab Investment Management Inc. Acquires 428,356 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 2.0%, acquiring an additional 428,356 shares, bringing its total ownership to approximately 21.9 million shares.
• Texas Instruments reported better-than-expected quarterly earnings, with earnings per share of $1.41, exceeding the consensus estimate of $1.32, and revenue of $4.45 billion, surpassing forecasts.
• The company announced a quarterly dividend of $1.36 per share, with a yield of 2.9%, scheduled to be paid on August 12 to shareholders of record as of July 31.

Charles Schwab Investment Management Inc. increased its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.0% in 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 21,915,824 shares of the semiconductor company's stock after buying an additional 428,356 shares during the period. Texas Instruments accounts for 0.7% of Charles Schwab Investment Management Inc.'s portfolio, making the stock its 28th largest position. Charles Schwab Investment Management Inc. owned approximately 2.41% of Texas Instruments worth $3,938,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after purchasing an additional 3,406,386 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after purchasing an additional 2,140,605 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd increased its stake in shares of Texas Instruments by 1,000.6% during the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock valued at $231,406,000 after purchasing an additional 1,170,728 shares in the last quarter. Northern Trust Corp increased its stake in shares of Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after purchasing an additional 1,132,187 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of Texas Instruments by 26.3% during the fourth quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock valued at $974,054,000 after purchasing an additional 1,080,782 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Up 0.3%

Shares of Texas Instruments stock opened at $185.91 on Thursday. The company's fifty day simple moving average is $200.77 and its 200-day simple moving average is $185.18. The stock has a market capitalization of $169.02 billion, a PE ratio of 34.05, a P/E/G ratio of 3.04 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 0.86, a current ratio of 5.81 and a quick ratio of 3.88.

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

Texas Instruments Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TXN. Rosenblatt Securities reaffirmed a "buy" rating and set a $245.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. DZ Bank reaffirmed a "sell" rating and set a $158.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. UBS Group set a $255.00 target price on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Stifel Nicolaus increased their price target 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. Four 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Company 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.

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