National Bank of Canada FI Buys 443,598 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• National Bank of Canada FI increased its stake in Texas Instruments by 110.8%, owning a total of 844,084 shares, valued at approximately $151.7 million.
• Texas Instruments reported a quarterly earnings per share (EPS) of $1.41, exceeding analysts’ expectations of $1.32, along with a revenue of $4.45 billion for the same period.
• The company announced a quarterly dividend of $1.36, with a dividend yield of 2.9% and a payout ratio of 99.63%.

National Bank of Canada FI raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 110.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 844,084 shares of the semiconductor company's stock after purchasing an additional 443,598 shares during the period. National Bank of Canada FI owned 0.09% of Texas Instruments worth $151,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Kestra Private Wealth Services LLC raised its position in shares of Texas Instruments by 10.9% in the first quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company's stock valued at $11,462,000 after purchasing an additional 6,267 shares during the period. Gries Financial LLC bought a new stake in Texas Instruments during the 1st quarter valued at $243,000. Brighton Jones LLC boosted its holdings in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. JARISLOWSKY FRASER Ltd boosted its holdings in shares of Texas Instruments by 7.4% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after acquiring an additional 165 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Texas Instruments by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock valued at $89,050,000 after purchasing an additional 11,057 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Texas Instruments stock opened at $185.91 on Friday. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The firm has a market cap of $169.02 billion, a P/E ratio of 34.05, a P/E/G ratio of 3.03 and a beta of 1.03. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The firm has a 50-day moving average of $200.78 and a 200-day moving average of $185.13.

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. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm's revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TXN. Citigroup reissued a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Cantor Fitzgerald restated a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Stifel Nicolaus upped their target price on shares of Texas Instruments from $160.00 to $192.00 and gave the stock a "hold" rating in a report on Friday, July 18th. Truist Financial raised their price target on shares of Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. Finally, KeyCorp upped their price target on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.