Generali Investments Towarzystwo Funduszy Inwestycyjnych Acquires 3,000 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in Texas Instruments by 30%, acquiring an additional 3,000 shares, bringing its total to 13,000 shares valued at approximately $2.34 million.
• Texas Instruments reported quarterly earnings of $1.41 per share, exceeding expectations, with revenue of $4.45 billion, marking a year-over-year increase of 16.4%.
• The company declared a quarterly dividend of $1.36 per share, representing an annualized yield of 3.0%, with a high dividend payout ratio of 99.63%.

Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 30.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,000 shares of the semiconductor company's stock after purchasing an additional 3,000 shares during the period. Texas Instruments makes up about 1.5% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's portfolio, making the stock its 21st largest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Texas Instruments were worth $2,336,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TXN. GAMMA Investing LLC boosted its holdings in Texas Instruments by 21,778.6% in the 1st 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 during the period. Jennison Associates LLC lifted its holdings in shares of Texas Instruments by 2,898.0% during the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock worth $397,940,000 after acquiring an additional 2,140,605 shares during the period. Invesco Ltd. lifted its holdings in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its holdings in shares of Texas Instruments by 1,000.6% during the 1st quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock worth $231,406,000 after acquiring an additional 1,170,728 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Texas Instruments by 12.2% during the 4th 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. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 0.1%

Shares of NASDAQ TXN opened at $180.86 on Friday. 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 52-week low of $139.95 and a 52-week high of $221.69. The firm has a 50 day moving average price of $200.56 and a two-hundred day moving average price of $185.25. The stock has a market cap of $164.43 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 2.97 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the prior year, the company posted $1.17 EPS. The company's revenue was up 16.4% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Arete Research raised shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $245.00 price target on shares of Texas Instruments in a report on Wednesday, July 23rd. TD Cowen cut their price target on shares of Texas Instruments from $245.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, 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 for the company. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.

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