Phoenix Financial Ltd. Boosts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Phoenix Financial Ltd. increased its stake in Texas Instruments by 17.4%, holding 9,272 shares worth $1.668 million as of its latest SEC filing.
• Texas Instruments reported a quarterly earnings per share of $1.41, exceeding estimates, with revenue of $4.45 billion, reflecting a 16.4% year-over-year growth.
• The firm declared a quarterly dividend of $1.36, yielding 2.94%, with the ex-dividend date set for July 31st.

Phoenix Financial Ltd. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 17.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,272 shares of the semiconductor company's stock after purchasing an additional 1,377 shares during the period. Phoenix Financial Ltd.'s holdings in Texas Instruments were worth $1,668,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TXN. Brighton Jones LLC lifted its stake in 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. Bank Pictet & Cie Europe AG lifted its position in shares of Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after buying an additional 17,840 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Texas Instruments by 4.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 627,292 shares of the semiconductor company's stock valued at $117,624,000 after buying an additional 25,199 shares during the last quarter. Sava Infond d.o.o. purchased a new stake in shares of Texas Instruments during the fourth quarter valued at about $248,000. Finally, AssuredPartners Investment Advisors LLC purchased a new stake in shares of Texas Instruments during the fourth quarter valued at about $250,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $1.33 during midday trading on Wednesday, reaching $190.05. 1,540,107 shares of the stock were exchanged, compared to its average volume of 7,355,689. The firm has a market cap of $172.65 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 3.10 and a beta of 1.03. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The firm has a 50-day simple moving average of $200.37 and a two-hundred day simple moving average of $185.46. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.

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 analysts' expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business's revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business 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 2.86%. Texas Instruments's dividend payout ratio is currently 99.63%.

Analyst Upgrades and Downgrades

Several research firms have commented on TXN. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Morgan Stanley reiterated an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Mizuho lowered their target price 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. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $212.21.

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.