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King Luther Capital Management Corp Has $11.07 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Texas Instruments logo with Computer and Technology background

Key Points

  • King Luther Capital Management Corp increased its stake in Texas Instruments by 3.2%, owning 61,602 shares valued at $11.07 million as of the last quarter.
  • Texas Instruments reported $1.41 EPS for the last quarter, exceeding expectations, with a revenue of $4.45 billion, a 16.4% increase year-over-year.
  • The company announced a quarterly dividend of $1.36, representing an annual yield of 2.9% and a payout ratio of 99.63%.
  • Want stock alerts on Texas Instruments? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

King Luther Capital Management Corp grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,602 shares of the semiconductor company's stock after buying an additional 1,897 shares during the period. King Luther Capital Management Corp's holdings in Texas Instruments were worth $11,070,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 56 shares in the last quarter. Voya Financial Advisors Inc. grew its position in shares of Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after acquiring an additional 58 shares during the last quarter. FSB Premier Wealth Management Inc. grew its position in shares of Texas Instruments by 1.7% during the first quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock worth $628,000 after acquiring an additional 60 shares during the last quarter. Dunhill Financial LLC lifted its holdings in shares of Texas Instruments by 3.7% during the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 61 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Texas Instruments by 2.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock worth $577,000 after purchasing an additional 63 shares during the period. Institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

TXN has been the subject of several research reports. KeyCorp lifted their price target on Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. TD Cowen dropped their price objective on Texas Instruments from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. BNP Paribas upgraded Texas Instruments to a "strong sell" rating in a research report on Wednesday, July 23rd. Cantor Fitzgerald restated a "neutral" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, TD Securities restated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $212.21.

Get Our Latest Analysis on TXN

Texas Instruments Stock Performance

Shares of TXN traded up $9.26 during trading hours on Tuesday, reaching $192.97. 9,960,812 shares of the company's stock traded hands, compared to its average volume of 8,156,814. The business's fifty day simple moving average is $201.00 and its two-hundred day simple moving average is $184.93. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The firm has a market capitalization 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 (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating 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 business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.8%. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

Texas Instruments Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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