China Universal Asset Management Co. Ltd. Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

China Universal Asset Management Co. Ltd. boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 16.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,484 shares of the semiconductor company's stock after buying an additional 3,117 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Texas Instruments were worth $4,040,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after buying an additional 649,620 shares during the period. Geode Capital Management LLC grew its position in Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after buying an additional 267,352 shares during the period. Norges Bank bought a new stake in Texas Instruments during the fourth quarter valued at approximately $2,584,490,000. Alliancebernstein L.P. grew its position in Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after buying an additional 822,797 shares during the period. Finally, Invesco Ltd. grew its position in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus dropped their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company set a $190.00 price target on shares of Texas Instruments and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Truist Financial dropped their price target on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average price target of $196.91.

Texas Instruments Price Performance

Texas Instruments stock traded up $3.22 during mid-day trading on Tuesday, reaching $216.63. 6,844,542 shares of the company's stock traded hands, compared to its average volume of 6,449,672. The company has a market cap of $196.80 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 3.48 and a beta of 1.03. The stock has a 50 day moving average of $189.50 and a two-hundred day moving average of $183.45. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. Texas Instruments's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Texas Instruments Company 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.