Raiffeisen Bank International AG Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Raiffeisen Bank International AG increased its stake in Texas Instruments by 11.5%, owning approximately 48,974 shares valued at $8.64 million.
• Texas Instruments recently reported strong earnings, with a Q2 EPS of $1.41, surpassing estimates, and a revenue of $4.45 billion.
• The company has announced a quarterly dividend of $1.36 per share, reflecting an annualized yield of 3.0% and a payout ratio of 99.63%.

Raiffeisen Bank International AG increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,974 shares of the semiconductor company's stock after acquiring an additional 5,043 shares during the period. Raiffeisen Bank International AG's holdings in Texas Instruments were worth $8,636,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Invesco Ltd. lifted its position in shares of 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 acquiring an additional 1,587,036 shares in the last quarter. Northern Trust Corp lifted its position in shares of Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after acquiring an additional 1,132,187 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Texas Instruments by 3.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,062,604 shares of the semiconductor company's stock worth $1,511,819,000 after acquiring an additional 288,672 shares in the last quarter. Capital International Investors lifted its position in shares of Texas Instruments by 26.3% during the fourth quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock worth $974,054,000 after acquiring an additional 1,080,782 shares in the last quarter. Finally, Fayez Sarofim & Co lifted its position in shares of Texas Instruments by 3.7% during the fourth quarter. Fayez Sarofim & Co now owns 4,693,267 shares of the semiconductor company's stock worth $887,343,000 after acquiring an additional 168,936 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Up 1.5%

Shares of NASDAQ:TXN traded up $2.67 during trading on Tuesday, reaching $185.40. 5,759,190 shares of the company were exchanged, compared to its average volume of 7,874,299. The firm has a market capitalization of $168.55 billion, a PE ratio of 33.96, a P/E/G ratio of 3.00 and a beta of 1.03. The business's fifty day simple moving average is $200.69 and its 200-day simple moving average is $185.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 30.10% and a net margin of 30.23%. The business's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 EPS. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 99.63%.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent analyst reports. Wolfe Research upgraded Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price objective on the stock in a research report on Monday, July 28th. Morgan Stanley reissued an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Robert W. Baird increased their target price on Texas Instruments from $175.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. KeyCorp increased their target price on Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $245.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.