Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Rathbones Group PLC

Key Points

• Rathbones Group PLC increased its stake in Texas Instruments by 53.8%, owning a total of 250,287 shares valued at approximately $44.98 million.
• Texas Instruments reported earnings of $1.41 per share for the last quarter, surpassing analyst expectations of $1.32 per share, while revenue increased by 16.4% year-over-year to $4.45 billion.
• The company announced a quarterly dividend of $1.36 per share, which represents an annual yield of 3.0% and a high dividend payout ratio of 99.63%.

Rathbones Group PLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 53.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,287 shares of the semiconductor company's stock after buying an additional 87,585 shares during the period. Rathbones Group PLC's holdings in Texas Instruments were worth $44,977,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in Texas Instruments in the first quarter worth approximately $28,000. Copia Wealth Management purchased a new position in Texas Instruments in the fourth quarter worth approximately $30,000. Quintet Private Bank Europe S.A. purchased a new position in Texas Instruments in the first quarter worth approximately $34,000. Park Square Financial Group LLC purchased a new position in Texas Instruments in the fourth quarter worth approximately $41,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Texas Instruments in the first quarter worth approximately $42,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $0.35 during trading on Wednesday, hitting $193.32. 4,965,163 shares of the stock were exchanged, compared to its average volume of 8,434,070. The company has a fifty day moving average price of $201.05 and a two-hundred day moving average price of $184.98. The company has a market cap of $175.75 billion, a PE ratio of 35.41, a P/E/G ratio of 3.15 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. 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 quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate 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 return on equity of 30.10% and a net margin of 30.23%. The company's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, July 31st. Texas Instruments's payout ratio is currently 99.63%.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of research reports. Seaport Res Ptn upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Benchmark upped their price target on Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Robert W. Baird increased their price objective on Texas Instruments from $175.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Argus raised Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Finally, Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $212.21.

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.