Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. raised its stake in Texas Instruments by 1.1% in Q1, now owning approximately 1.59 million shares, valued at about $286.36 million.
• Texas Instruments reported earnings of $1.41 per share for the last quarter, surpassing estimates, with revenues of $4.45 billion, up 16.4% year-over-year.
• The company recently announced a quarterly dividend of $1.36 per share, translating to an annualized yield of 2.8%.

Raymond James Financial Inc. raised its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,593,551 shares of the semiconductor company's stock after acquiring an additional 16,753 shares during the quarter. Raymond James Financial Inc. owned approximately 0.18% of Texas Instruments worth $286,361,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Texas Instruments by 0.5% in the first quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company's stock valued at $16,895,567,000 after acquiring an additional 453,683 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company's stock worth $3,938,274,000 after buying an additional 428,356 shares during the period. Invesco Ltd. raised its stake in shares of Texas Instruments by 14.6% during the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock worth $2,448,335,000 after buying an additional 1,731,411 shares during the period. Northern Trust Corp raised its stake in shares of Texas Instruments by 12.2% during the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after buying an additional 1,132,187 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Texas Instruments by 9.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,831,420 shares of the semiconductor company's stock worth $1,587,006,000 after buying an additional 745,119 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TXN. Susquehanna reduced their target price on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upped their target price on Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $245.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Stock Up 0.4%

Shares of NASDAQ:TXN opened at $194.57 on Friday. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $201.16 and a two-hundred day moving average of $185.16. The stock has a market cap of $176.89 billion, a P/E ratio of 35.64, a PEG ratio of 3.18 and a beta of 1.03. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69.

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

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. 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.

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