Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Swiss National Bank

Key Points

• The Swiss National Bank reduced its stake in Texas Instruments by 0.3%, owning 2,572,800 shares worth approximately $462 million after selling 6,500 shares in the first quarter.
• Texas Instruments reported $1.41 earnings per share, surpassing estimates, and showed a 16.4% revenue increase year-over-year, with a net margin of 30.23%.
• The company declared a quarterly dividend of $1.36 per share, translating to an annualized payout of $5.44 and a yield of 2.9%.

Swiss National Bank reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,572,800 shares of the semiconductor company's stock after selling 6,500 shares during the period. Swiss National Bank owned 0.28% of Texas Instruments worth $462,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Brighton Jones LLC raised its holdings in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after acquiring an additional 4,218 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Texas Instruments by 14.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after acquiring an additional 17,840 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Texas Instruments by 1.2% during the 4th quarter. Federated Hermes Inc. now owns 19,667 shares of the semiconductor company's stock worth $3,688,000 after acquiring an additional 239 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $12,019,000. Finally, CenterBook Partners LP raised its holdings in shares of Texas Instruments by 11.1% during the 4th quarter. CenterBook Partners LP now owns 7,873 shares of the semiconductor company's stock worth $1,476,000 after acquiring an additional 784 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on TXN shares. Wolfe Research upgraded Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price target on the stock in a report on Monday, July 28th. TD Securities restated a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Cantor Fitzgerald restated a "neutral" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Arete Research upgraded Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Finally, Benchmark increased their price target on Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and an average target price of $212.21.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $1.31 during trading on Friday, hitting $187.22. The stock had a trading volume of 5,943,463 shares, compared to its average volume of 8,042,626. The stock has a market capitalization of $170.21 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 3.06 and a beta of 1.03. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The stock has a 50-day simple moving average of $200.91 and a two-hundred day simple moving average of $184.99. 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 (NASDAQ:TXN - Get Free Report) last posted 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. The firm 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%. Texas Instruments's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business 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 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%.

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.