Northern Trust Corp Increases Stake in Texas Instruments Incorporated $TXN

Key Points

• Northern Trust Corp increased its stake in Texas Instruments by 0.9%, owning approximately 10.5 million shares valued at $1.89 billion as per its latest SEC filing.
• Texas Instruments has an average rating of "Hold" from analysts, with a consensus price target of $212.21, while the company recently reported earnings per share of $1.41, exceeding estimates.
• The company announced a quarterly dividend of $1.36, resulting in an annualized yield of 2.8% and a high dividend payout ratio of 99.63%.

Northern Trust Corp raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,493,990 shares of the semiconductor company's stock after buying an additional 95,980 shares during the quarter. Northern Trust Corp owned about 1.16% of Texas Instruments worth $1,885,770,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TXN. Kestra Private Wealth Services LLC grew its position in Texas Instruments by 10.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company's stock valued at $11,462,000 after acquiring an additional 6,267 shares in the last quarter. Independent Advisor Alliance lifted its holdings in Texas Instruments by 4.8% during the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company's stock worth $4,795,000 after buying an additional 1,232 shares in the last quarter. Gries Financial LLC purchased a new position in Texas Instruments in the 1st quarter valued at approximately $243,000. Brighton Jones LLC grew its stake 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 in the last quarter. Finally, JARISLOWSKY FRASER Ltd increased its position in shares of Texas Instruments by 7.4% during 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. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. DZ Bank reissued a "sell" rating and set a $158.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Rosenblatt Securities restated a "buy" rating and issued a $245.00 price target on shares of Texas Instruments in a research note on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $194.57 on Monday. The company's fifty day moving average is $201.16 and its two-hundred day moving average is $185.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The firm has a market capitalization of $176.89 billion, a P/E ratio of 35.64, a PEG ratio of 3.18 and a beta of 1.03. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its 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. The company had revenue of $4.45 billion for 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%. Texas Instruments's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. Analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Texas Instruments's dividend payout ratio is 99.63%.

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.