Global X Japan Co. Ltd. Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Global X Japan Co. Ltd. boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,602 shares of the semiconductor company's stock after acquiring an additional 4,341 shares during the period. Texas Instruments accounts for 1.4% of Global X Japan Co. Ltd.'s holdings, making the stock its 21st biggest position. Global X Japan Co. Ltd.'s holdings in Texas Instruments were worth $12,328,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TXN. Premier Path Wealth Partners LLC boosted its position in shares of Texas Instruments by 7.4% in the 1st quarter. Premier Path Wealth Partners LLC now owns 4,868 shares of the semiconductor company's stock worth $875,000 after purchasing an additional 336 shares in the last quarter. Janney Capital Management LLC raised its stake in Texas Instruments by 29.0% in the first quarter. Janney Capital Management LLC now owns 71,715 shares of the semiconductor company's stock valued at $12,887,000 after buying an additional 16,118 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in Texas Instruments by 7.4% in the first quarter. Johnson Investment Counsel Inc. now owns 25,017 shares of the semiconductor company's stock worth $4,496,000 after acquiring an additional 1,727 shares in the last quarter. Steel Grove Capital Advisors LLC grew its stake in shares of Texas Instruments by 2.8% during the first quarter. Steel Grove Capital Advisors LLC now owns 10,415 shares of the semiconductor company's stock worth $1,872,000 after acquiring an additional 280 shares during the last quarter. Finally, Beacon Capital Management LLC increased its holdings in shares of Texas Instruments by 51.5% during the first quarter. Beacon Capital Management LLC now owns 306 shares of the semiconductor company's stock valued at $55,000 after acquiring an additional 104 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TXN shares. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Benchmark cut their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Cantor Fitzgerald lifted their price target on Texas Instruments from $170.00 to $200.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Truist Financial cut their price objective on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $191.91.

Texas Instruments Trading Up 0.3%

Shares of Texas Instruments stock opened at $198.35 on Thursday. The firm has a 50-day simple moving average of $175.12 and a two-hundred day simple moving average of $182.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a market cap of $180.20 billion, a P/E ratio of 37.64, a price-to-earnings-growth ratio of 3.22 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

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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