S Bank Fund Management Ltd Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• S Bank Fund Management Ltd has acquired a new position in Texas Instruments, purchasing 13,011 shares valued at approximately $2.34 million during the first quarter.
• Texas Instruments recently reported earnings per share of $1.41 for the quarter, which exceeded analysts' expectations, with revenues rising 16.4% year-over-year.
• The company announced a $1.36 quarterly dividend, which equates to an annualized yield of 2.8%, reflecting a payout ratio of 99.63%.

S Bank Fund Management Ltd acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,011 shares of the semiconductor company's stock, valued at approximately $2,338,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Cloud Capital Management LLC purchased a new position in Texas Instruments in the 1st quarter valued at $28,000. Copia Wealth Management purchased a new stake in shares of Texas Instruments during the 4th quarter worth $30,000. Dagco Inc. purchased a new stake in shares of Texas Instruments during the 1st quarter worth $32,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments during the 1st quarter worth $34,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth $41,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

TXN has been the subject of several research reports. Stifel Nicolaus lifted their price target on Texas Instruments from $160.00 to $192.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They issued a "buy" rating and a $255.00 target price for the company. Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Finally, Citigroup restated a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $212.21.

Texas Instruments Stock Up 5.0%

Shares of Texas Instruments stock opened at $192.97 on Wednesday. The firm has a market cap of $175.44 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 3.00 and a beta of 1.03. 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 52-week low of $139.95 and a 52-week high of $221.69. The stock has a 50-day simple moving average of $201.00 and a 200-day simple moving average of $184.93.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the company earned $1.17 EPS. The company's revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

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