Korea Investment CORP Has $132.77 Million Stock Holdings in Texas Instruments Incorporated $TXN

Key Points

• Korea Investment CORP increased its holdings in Texas Instruments by 30.5%, owning 738,859 shares worth approximately $132.77 million as of the latest reporting period.
• Texas Instruments reported a net revenue of $4.45 billion for the quarter, exceeding analyst forecasts, with earnings per share of $1.41.
• The company announced a quarterly dividend of $1.36 per share, resulting in an annualized yield of 2.8%, although its payout ratio is high at 99.63%.

Korea Investment CORP raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 30.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,859 shares of the semiconductor company's stock after buying an additional 172,722 shares during the quarter. Korea Investment CORP owned 0.08% of Texas Instruments worth $132,773,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new stake in shares of Texas Instruments during the 1st quarter valued at $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments during the 4th quarter worth $30,000. Dagco Inc. bought a new stake in shares of Texas Instruments during the 1st quarter worth $32,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments during the 1st quarter worth $34,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth $41,000. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TXN shares. Argus raised Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. TD Cowen lowered their target price on Texas Instruments from $245.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Robert W. Baird upped their target price on Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $212.21.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $194.57 on Monday. The company has a market capitalization of $176.89 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 3.18 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 quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $201.16 and a 200 day moving average of $185.16.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the company earned $1.17 earnings per share. The business's revenue for the quarter was up 16.4% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were given a dividend of $1.36 per share. The ex-dividend date was Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.8%. Texas Instruments's payout ratio is currently 99.63%.

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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