Federated Hermes Inc. Buys 6,359 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Federated Hermes Inc. has increased its stake in Texas Instruments by 32.3%, acquiring an additional 6,359 shares and bringing its total holdings to 26,026 shares, valued at approximately $4.68 million.
• Texas Instruments reported a quarterly earnings per share (EPS) of $1.41, exceeding analyst estimates, and generated a revenue of $4.45 billion, marking a 16.4% year-over-year increase.
• Texas Instruments declared a quarterly dividend of $1.36 per share, with an annualized yield of 3.0% and a payout ratio of 99.63%.

Federated Hermes Inc. increased its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 32.3% 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 26,026 shares of the semiconductor company's stock after buying an additional 6,359 shares during the period. Federated Hermes Inc.'s holdings in Texas Instruments were worth $4,677,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in shares of Texas Instruments during the first quarter valued at approximately $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. bought a new position in shares of Texas Instruments during the first quarter valued at approximately $34,000. Park Square Financial Group LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $41,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Texas Instruments during the first quarter valued at approximately $42,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $180.86 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The company has a market cap of $164.43 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.97 and a beta of 1.03. The firm's fifty day moving average is $200.56 and its two-hundred day moving average is $185.24. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the firm posted $1.17 EPS. The business's quarterly revenue was up 16.4% on a year-over-year basis. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Investors 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 dividend on an annualized basis and a dividend yield of 3.0%. Texas Instruments's payout ratio is currently 99.63%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TXN. Susquehanna cut their price target on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Tuesday, July 22nd. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. TD Securities reiterated a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Arete began coverage on shares of Texas Instruments in a report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price target on the stock. Finally, KeyCorp increased their price target on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Four research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $212.21.

Texas Instruments 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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