Invesco Ltd. Has $2.45 Billion Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Invesco Ltd. increased its stake in Texas Instruments by 14.6%, owning over $2.45 billion in shares after acquiring an additional 1.73 million shares in the first quarter.
• Analysts have mixed views on Texas Instruments, with four rating it as "Sell," while thirteen gave it a "Hold" and twelve a "Buy," leading to an average rating of "Hold" with a consensus price target of $212.21.
• Texas Instruments reported a quarterly earnings per share of $1.41, beating estimates and showing significant revenue growth of 16.4% year-over-year, with a robust net margin of 30.23%.

Invesco Ltd. increased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,624,568 shares of the semiconductor company's stock after buying an additional 1,731,411 shares during the period. Texas Instruments accounts for 0.5% of Invesco Ltd.'s portfolio, making the stock its 25th largest holding. Invesco Ltd. owned 1.50% of Texas Instruments worth $2,448,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after purchasing an additional 3,406,386 shares during the period. Jennison Associates LLC lifted its stake in shares of Texas Instruments by 2,898.0% in the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock worth $397,940,000 after buying an additional 2,140,605 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd boosted 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 buying an additional 1,170,728 shares during the period. Northern Trust Corp boosted 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 buying an additional 1,132,187 shares during the period. Finally, Capital International Investors grew its stake in Texas Instruments by 26.3% in the 4th quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock valued at $974,054,000 after buying an additional 1,080,782 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TXN. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Susquehanna lowered their price target on Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Tuesday, July 22nd. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Finally, Rosenblatt Securities reissued 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $187.22 on Friday. The firm has a fifty day moving average of $200.91 and a two-hundred day moving average of $185.08. The stock has a market capitalization of $170.21 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.03 and a beta of 1.03. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. 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 (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 company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The firm's revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.9%. Texas Instruments's dividend payout ratio is presently 99.63%.

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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