LGT Group Foundation Has $27.56 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• LGT Group Foundation reduced its stake in Texas Instruments by 5.0% in the first quarter, now holding 153,351 shares valued at approximately $27.56 million.
• Analysts have mixed ratings for Texas Instruments, with a current average rating of "Hold" and an average target price of $212.21.
• The company recently declared a quarterly dividend of $1.36 per share, with an annualized yield of 3.0%, despite a high dividend payout ratio of 99.63%.

LGT Group Foundation trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,351 shares of the semiconductor company's stock after selling 7,993 shares during the period. LGT Group Foundation's holdings in Texas Instruments were worth $27,557,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cloud Capital Management LLC bought a new position in shares of Texas Instruments during the 1st quarter worth about $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments in the 4th quarter worth about $30,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments in the 1st quarter worth about $34,000. Park Square Financial Group LLC acquired a new stake in shares of Texas Instruments in the 4th quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Texas Instruments in the 1st quarter worth about $42,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Arete Research upgraded shares of Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Mizuho decreased their price target on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Stifel Nicolaus raised their price target on shares of Texas Instruments from $160.00 to $192.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $212.21.

Texas Instruments Stock Down 1.9%

Shares of Texas Instruments stock opened at $183.71 on Tuesday. 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 Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The stock has a market capitalization of $167.02 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 3.06 and a beta of 1.03. The company's 50 day moving average price is $200.90 and its 200-day moving average price is $184.87.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The firm's revenue was up 16.4% on a year-over-year basis. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current 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 of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.0%. Texas Instruments's dividend payout ratio (DPR) is presently 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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