National Pension Service Has $363.59 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• The National Pension Service increased its stake in Texas Instruments by 5.7%, owning over 2 million shares valued at approximately $363 million as of its latest SEC filing.
• Texas Instruments reported a net margin of 30.23% and a year-over-year revenue increase of 16.4%, exceeding both earnings and revenue expectations in its latest quarterly results.
• The company recently declared a quarterly dividend of $1.36 per share, resulting in an annual yield of 2.8% and a payout ratio of 99.63%.

National Pension Service increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,023,316 shares of the semiconductor company's stock after buying an additional 109,414 shares during the quarter. National Pension Service owned 0.22% of Texas Instruments worth $363,590,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Texas Instruments by 0.5% in the first quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company's stock worth $16,895,567,000 after purchasing an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company's stock worth $3,938,274,000 after acquiring an additional 428,356 shares during the last quarter. Invesco Ltd. grew its holdings in Texas Instruments by 14.6% during the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock worth $2,448,335,000 after acquiring an additional 1,731,411 shares during the last quarter. Northern Trust Corp increased its position in Texas Instruments by 12.2% in the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after acquiring an additional 1,132,187 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Texas Instruments by 9.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,831,420 shares of the semiconductor company's stock worth $1,587,006,000 after acquiring an additional 745,119 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

TXN has been the subject of a number of research reports. UBS Group set a $255.00 price target on shares of Texas Instruments in a report on Tuesday, July 22nd. TD Securities reissued a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Morgan Stanley reiterated an "underweight" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, Citigroup reissued a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Four 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $212.21.

Texas Instruments Stock Up 0.2%

TXN stock traded up $0.42 during mid-day trading on Thursday, hitting $193.71. 3,916,346 shares of the company were exchanged, compared to its average volume of 8,361,320. 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 1-year low of $139.95 and a 1-year high of $221.69. The firm's 50 day simple moving average is $201.12 and its 200 day simple moving average is $185.03. The firm has a market cap of $176.11 billion, a P/E ratio of 35.48, a P/E/G ratio of 3.15 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $1.17 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were issued 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 dividend yield of 2.8%. 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.