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E Fund Management Co. Ltd. Acquires 4,971 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Texas Instruments logo with Computer and Technology background

Key Points

  • E Fund Management Co. Ltd. has increased its stake in Texas Instruments by 13.3%, acquiring an additional 4,971 shares, bringing its total holdings to 42,254 shares valued at approximately $7.6 million.
  • Texas Instruments reported $1.41 earnings per share for the latest quarter, surpassing estimates, with a revenue of $4.45 billion, which is a 16.4% increase year-over-year.
  • The company declared a quarterly dividend of $1.36 per share, representing a 2.8% annual yield and a dividend payout ratio of 99.63%.
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E Fund Management Co. Ltd. raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 42,254 shares of the semiconductor company's stock after acquiring an additional 4,971 shares during the period. E Fund Management Co. Ltd.'s holdings in Texas Instruments were worth $7,593,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TXN. Cloud Capital Management LLC bought a new position in Texas Instruments in the first quarter worth approximately $28,000. Copia Wealth Management bought a new stake in Texas Instruments during the 4th quarter worth approximately $30,000. Dagco Inc. bought a new stake in Texas Instruments during the 1st quarter worth approximately $32,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments during the 1st quarter valued at $34,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $41,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Up 5.0%

NASDAQ TXN opened at $192.97 on Wednesday. The company has a market capitalization of $175.44 billion, a PE ratio of 35.34, a P/E/G ratio of 3.00 and a beta of 1.03. The company has a fifty day moving average of $201.00 and a 200 day moving average of $184.93. 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 data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. Research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.8%. Texas Instruments's dividend payout ratio is presently 99.63%.

Wall Street Analyst Weigh In

A number of research firms have commented on TXN. Susquehanna decreased their price target on Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Tuesday, July 22nd. Arete started coverage on Texas Instruments in a research report on Thursday, June 26th. They set a "neutral" rating and a $203.80 target price for the company. Truist Financial increased their target price on Texas Instruments from $171.00 to $196.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Robert W. Baird lifted their price objective on shares of Texas Instruments from $175.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $212.21.

Get Our Latest Report on Texas Instruments

Texas Instruments Profile

(Free Report)

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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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