Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Boosted by Iyo Bank Ltd.

Key Points

• Iyo Bank Ltd. increased its stake in Texas Instruments by 165% in Q1, owning 32,170 shares valued at $5.78 million, making it the bank's 21st largest position.
• Several institutional investors have also increased their holdings in Texas Instruments, indicating strong interest, with over 84% of the stock owned by hedge funds and institutions.
• Texas Instruments recently announced a dividend of $1.36 per share, with the ex-dividend date set for July 31st, representing an annual yield of 3.0%.

Iyo Bank Ltd. grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 165.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,170 shares of the semiconductor company's stock after purchasing an additional 20,030 shares during the period. Texas Instruments accounts for about 1.9% of Iyo Bank Ltd.'s investment portfolio, making the stock its 21st largest position. Iyo Bank Ltd.'s holdings in Texas Instruments were worth $5,781,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Trillium Asset Management LLC raised its holdings in Texas Instruments by 2.8% in the first quarter. Trillium Asset Management LLC now owns 2,100 shares of the semiconductor company's stock valued at $377,000 after buying an additional 57 shares during the period. Capital Planning Advisors LLC raised its holdings in Texas Instruments by 2.0% in the first quarter. Capital Planning Advisors LLC now owns 15,509 shares of the semiconductor company's stock valued at $2,787,000 after buying an additional 298 shares during the period. Trust Asset Management LLC raised its holdings in Texas Instruments by 0.6% in the first quarter. Trust Asset Management LLC now owns 10,497 shares of the semiconductor company's stock valued at $1,886,000 after buying an additional 61 shares during the period. Longfellow Investment Management Co. LLC raised its holdings in Texas Instruments by 65.5% in the first quarter. Longfellow Investment Management Co. LLC now owns 8,437 shares of the semiconductor company's stock valued at $1,516,000 after buying an additional 3,339 shares during the period. Finally, Ballast Inc. raised its holdings in Texas Instruments by 2.1% in the first quarter. Ballast Inc. now owns 7,694 shares of the semiconductor company's stock valued at $1,383,000 after buying an additional 157 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Up 0.2%

TXN traded up $0.35 during trading on Wednesday, hitting $193.32. The company had a trading volume of 4,965,163 shares, compared to its average volume of 8,434,070. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The business has a 50-day moving average of $201.05 and a 200-day moving average of $184.98. The company has a market cap of $175.75 billion, a PE ratio of 35.41, a P/E/G ratio of 3.15 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share 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 analyst estimates of $4.31 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were paid a dividend of $1.36 per share. The ex-dividend date was Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.8%. Texas Instruments's payout ratio is presently 99.63%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TXN. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Arete initiated coverage on shares of Texas Instruments in a report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price target on the stock. Truist Financial lifted their price objective on shares of Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They set a "buy" rating and a $255.00 price objective on the stock. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.