Frank Rimerman Advisors LLC Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Frank Rimerman Advisors LLC increased its stake in Texas Instruments by 47.2%, acquiring a total of 16,539 shares valued at approximately $2.97 million.
• Texas Instruments reported a quarterly EPS of $1.41, exceeding analyst estimates, with revenue of $4.45 billion during the quarter, marking a 16.4% year-over-year increase.
• The company declared a quarterly dividend of $1.36 per share, with an annualized yield of 2.9%, set to be paid on August 12th.

Frank Rimerman Advisors LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 47.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,539 shares of the semiconductor company's stock after acquiring an additional 5,305 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Texas Instruments were worth $2,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Texas Instruments by 0.5% in the first quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company's stock worth $16,895,567,000 after acquiring an additional 453,683 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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. Northern Trust Corp boosted its stake in shares of Texas Instruments by 12.2% in the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after acquiring an additional 1,132,187 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Texas Instruments by 9.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,831,420 shares of the semiconductor company's stock worth $1,587,006,000 after acquiring an additional 745,119 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Texas Instruments by 3.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,062,604 shares of the semiconductor company's stock worth $1,511,819,000 after acquiring an additional 288,672 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

TXN stock traded down $3.51 during midday trading on Monday, reaching $183.71. The stock had a trading volume of 6,441,025 shares, compared to its average volume of 8,070,119. The stock has a market cap of $167.02 billion, a PE ratio of 33.65, a P/E/G ratio of 3.06 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. The firm has a fifty day simple moving average of $200.91 and a two-hundred day simple moving average of $184.88. 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 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. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TXN. Wolfe Research raised Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price objective on the stock in a research note on Monday, July 28th. Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Tuesday, July 22nd. Cowen reissued a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Seaport Res Ptn raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $245.00 target price on shares of Texas Instruments in a research report on Wednesday, July 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average target price 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.