Texas Instruments Incorporated $TXN Shares Acquired by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in Texas Instruments by 3.5%, holding 83,907 shares valued at approximately $14.9 million at the end of the quarter.
• Analysts have mixed sentiments on Texas Instruments, with four sell ratings, thirteen hold ratings, and two strong buy ratings, while the average rating is a "Hold" with a consensus price target of $212.21.
• The company reported a quarterly earnings of $1.41 EPS, exceeding estimates, alongside a revenue of $4.45 billion, reflecting a year-over-year growth of 16.4%.

Ethic Inc. grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,907 shares of the semiconductor company's stock after purchasing an additional 2,815 shares during the quarter. Ethic Inc.'s holdings in Texas Instruments were worth $14,935,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Texas Instruments by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company's stock worth $16,895,567,000 after buying an additional 453,683 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company's stock worth $3,938,274,000 after acquiring an additional 428,356 shares during the period. Invesco Ltd. grew its holdings in shares of Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock worth $2,448,335,000 after acquiring an additional 1,731,411 shares during the period. Northern Trust Corp lifted its position in 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, Goldman Sachs Group Inc. lifted its position in Texas Instruments by 9.2% during the first quarter. Goldman Sachs Group Inc. now owns 8,831,420 shares of the semiconductor company's stock valued at $1,587,006,000 after purchasing an additional 745,119 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded up $0.86 during mid-day trading on Friday, hitting $194.57. The stock had a trading volume of 5,871,480 shares, compared to its average volume of 8,377,313. The company has a 50 day moving average of $201.16 and a two-hundred day moving average of $185.16. The firm has a market cap of $176.89 billion, a PE ratio of 35.64, a PEG ratio of 3.18 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned $1.17 EPS. The company's quarterly revenue was up 16.4% on a year-over-year basis. Research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on TXN. Citigroup restated a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Truist Financial boosted their price objective on Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. Arete Research upgraded Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Finally, TD Securities reiterated a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.