Kinsale Capital Group Inc. Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Kinsale Capital Group Inc. has increased its holdings in Texas Instruments by 16.0% during the 1st quarter, owning a total of 46,174 shares valued at approximately $8.3 million.
• The company reported better-than-expected quarterly earnings of $1.41 per share, surpassing consensus estimates by $0.09, with revenues of $4.45 billion.
• Texas Instruments declared a quarterly dividend of $1.36 per share, yielding 2.94%, with a high dividend payout ratio of 99.63%.

Kinsale Capital Group Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 16.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,174 shares of the semiconductor company's stock after buying an additional 6,355 shares during the quarter. Texas Instruments accounts for about 2.0% of Kinsale Capital Group Inc.'s investment portfolio, making the stock its 22nd biggest position. Kinsale Capital Group Inc.'s holdings in Texas Instruments were worth $8,297,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Summit Securities Group LLC bought a new stake in Texas Instruments during the 4th quarter valued at $27,000. Cloud Capital Management LLC bought a new stake in Texas Instruments during the 1st quarter valued at $28,000. Copia Wealth Management bought a new stake in Texas Instruments during the 4th quarter valued at $30,000. Quintet Private Bank Europe S.A. bought a new stake in Texas Instruments during the 1st quarter valued at $34,000. Finally, Park Square Financial Group LLC bought a new stake in Texas Instruments during the 4th quarter valued at $41,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of TXN stock traded up $4.26 on Monday, hitting $189.25. The company had a trading volume of 8,579,548 shares, compared to its average volume of 6,890,477. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The company has a 50-day moving average price of $200.32 and a 200-day moving average price of $185.42. The firm has a market cap of $171.93 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 3.03 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 for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. 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 business earned $1.17 EPS. Texas Instruments's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared 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 is Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.87%. Texas Instruments's dividend payout ratio is presently 99.63%.

Analysts Set New Price Targets

TXN has been the topic of several recent research reports. Arete Research raised Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. increased their target price on Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Arete assumed coverage on Texas Instruments in a report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price objective for the company. Finally, Truist Financial increased their price objective on Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. Four equities research 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 company. According to data from MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average price target 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.