Penserra Capital Management LLC Has $17.26 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Penserra Capital Management LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 31.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,066 shares of the semiconductor company's stock after purchasing an additional 23,000 shares during the quarter. Penserra Capital Management LLC's holdings in Texas Instruments were worth $17,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TXN. Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after acquiring an additional 649,620 shares during the period. Geode Capital Management LLC increased its position in shares of Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after purchasing an additional 267,352 shares in the last quarter. Norges Bank bought a new position in Texas Instruments during the 4th quarter valued at about $2,584,490,000. Alliancebernstein L.P. boosted its position in Texas Instruments by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after buying an additional 822,797 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after buying an additional 1,587,036 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 0.6%

Shares of TXN traded down $1.33 during midday trading on Monday, hitting $214.69. The stock had a trading volume of 1,025,437 shares, compared to its average volume of 6,421,626. The firm has a market cap of $195.04 billion, a price-to-earnings ratio of 40.74, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The company has a 50 day simple moving average of $188.48 and a two-hundred day simple moving average of $183.27. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $1.10 EPS. Texas Instruments's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts anticipate 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 was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.53%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TXN shares. JPMorgan Chase & Co. cut their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Arete Research upgraded Texas Instruments to a "hold" rating in a report on Thursday, June 26th. UBS Group cut their price target on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Texas Instruments has an average rating of "Hold" and a consensus price target of $191.49.

Texas Instruments Company 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.