Resona Asset Management Co. Ltd. Has $58.53 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Resona Asset Management Co. Ltd. has increased its holdings in Texas Instruments by 5.1%, acquiring an additional 15,833 shares, bringing their total to 326,570 shares valued at approximately $58.5 million.
• Texas Instruments announced a quarterly dividend of $1.36 per share, resulting in an annualized dividend yield of around 3.0%, with a current payout ratio of 99.63%.
• The company reported quarterly earnings of $1.41 per share, exceeding estimates by $0.09, and its revenue grew 16.4% year-over-year, reaching $4.45 billion.

Resona Asset Management Co. Ltd. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 326,570 shares of the semiconductor company's stock after buying an additional 15,833 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Texas Instruments were worth $58,528,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at about $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $30,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments in the first quarter valued at about $34,000. Park Square Financial Group LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $41,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at about $42,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXN has been the subject of several recent analyst reports. UBS Group set a $255.00 price objective on shares of Texas Instruments in a research report on Tuesday, July 22nd. Arete initiated coverage on shares of Texas Instruments in a research report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price objective for the company. Benchmark raised their price objective on shares of Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Truist Financial raised their price objective on shares of Texas Instruments from $171.00 to $196.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Finally, Wolfe Research upgraded shares of Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price objective for the company in a research report on Monday, July 28th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Price Performance

TXN stock traded up $0.35 during trading on Wednesday, hitting $193.32. The company had a trading volume of 4,965,163 shares, compared to its average volume of 8,434,070. The firm has a market capitalization of $175.75 billion, a price-to-earnings ratio of 35.41, a P/E/G ratio of 3.15 and a beta of 1.03. The business has a 50 day moving average of $201.05 and a 200 day moving average of $184.98. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. 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 (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the prior year, the company earned $1.17 EPS. Texas Instruments's revenue was up 16.4% on a year-over-year basis. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

About Texas Instruments

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.