Russell Investments Group Ltd. Has $142.86 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Russell Investments Group Ltd. has increased its stake in Texas Instruments by 0.2%, now holding a total of 796,658 shares valued at approximately $142.86 million.
• Texas Instruments has received mixed ratings from analysts, with Barclays downgrading its rating and price target while others like Citigroup maintain a "buy" rating, leading to a consensus rating of "Hold".
• The company recently announced a quarterly dividend of $1.36 per share, representing an annual yield of 3.0% and a payout ratio of 99.63%.

Russell Investments Group Ltd. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 796,658 shares of the semiconductor company's stock after purchasing an additional 1,874 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Texas Instruments worth $142,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cloud Capital Management LLC acquired a new stake in Texas Instruments in the first quarter valued at $28,000. Copia Wealth Management purchased a new position in shares of Texas Instruments during the fourth quarter worth about $30,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Texas Instruments during the first quarter worth about $34,000. Park Square Financial Group LLC purchased a new stake in Texas Instruments in the 4th quarter valued at approximately $41,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Texas Instruments in the 1st quarter valued at approximately $42,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXN has been the subject of several analyst reports. Wolfe Research upgraded Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price target for the company in a report on Monday, July 28th. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. TD Securities reiterated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. BNP Paribas upgraded Texas Instruments to a "strong sell" rating in a report on Wednesday, July 23rd. Finally, Arete assumed coverage on shares of Texas Instruments in a research note on Thursday, June 26th. They set a "neutral" rating and a $203.80 price objective for the company. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of "Hold" and an average price target of $212.21.

Texas Instruments Trading Up 0.2%

NASDAQ TXN traded up $0.35 during trading on Wednesday, reaching $193.32. 4,965,163 shares of the stock traded hands, compared to its average volume of 8,434,070. The firm has a market cap of $175.75 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 3.15 and a beta of 1.03. The stock's 50-day moving average price is $201.05 and its 200 day moving average price is $184.98. 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 Incorporated has a fifty-two week low of $139.95 and a fifty-two week 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 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The firm's revenue was up 16.4% on a year-over-year basis. Analysts predict 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. Stockholders of record on Thursday, July 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.8%. Texas Instruments's dividend payout ratio is presently 99.63%.

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.